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...plan does not go as far as other direct democracy systems in Switzerland or California, where citizens can pass regulations via ballot initiatives or referenda. But in some ways, it will likely be easier for E.U. residents to propose new laws. One million signatures sounds daunting, but that's just 0.2% of the E.U.'s total population. By contrast, Swiss initiatives require signatures from about 2% of the population to trigger a national vote. And in an age when musicians from Coldplay to Lily Allen have millions of followers on Twitter and Facebook, collecting 1 million names could...

Author: /time Magazine | Title: Direct Democracy: Citizen Initiatives Come to Europe | 4/7/2010 | See Source »

...specific conditions fostered by a liberal democracy, invites a type of relativism. Citizens see a difference of moral opinion, and since they are uncomfortable with claims of moral objectivity, they find it easy to pick the most conflict-free arrangement. The harm principle utilized in liberal democracy makes governance easier, but it surely has its drawbacks. This idea has been identified as the forerunner to a disintegration of protection of minors, altruism, and other social goods. Decisions on such issues, if this intuitive preference against conflict prevails, are more likely to tend toward freedom over protection...

Author: By Gregory A. Dibella | Title: The End of History Redux | 4/6/2010 | See Source »

Under current bankruptcy law, Porter says, bankruptcy courts have "no tools to reduce the principal, stretch out the payments or adjust the interest rate" - that is, since judges can't adjust mortgages to make them easier to pay, people end up ditching them instead...

Author: /time Magazine | Title: Personal Bankruptcies Hit a High and May Keep Rising | 4/5/2010 | See Source »

Although keeping the shades up during the day is a nice way to enjoy the scenery that Harvard has to offer, at night it might be best to keep the shades drawn. For all those non-physics majors out there, it is in fact much easier for someone to see into a bright room at night than it is for you to see out of it. Think about Taylor Swift and the guy next door checking each other out every night in her music video, “You Belong With Me.” It’s nice...

Author: By Jackson F. Cashion | Title: The View From Outside | 4/5/2010 | See Source »

...general election, raising record amounts of cash from the day he commences his effort through November 2012 (in particular, his Internet fundraising power will be re-established). No doubt his Republican challengers will spout bravado about opting out to keep pace with Obama, but such a monumental task is easier said than done without the incumbent's viral appeal and brand name. Not one of them - Palin included - has the proven or latent capacity to raise a comparable amount of money, and the government check could end up as the only plausible option. That will give Obama a significantly bigger...

Author: /time Magazine | Title: Taking On Obama in '12 — Tougher Than You Think | 4/5/2010 | See Source »

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