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Immediate financial fixes. Central banks and financial technocrats are moving to end some of the more flagrant abuses and rethink the financial system's rules - but, inevitably, that is a slow and painstaking task. London needs to serve up some quicker fixes. One suggestion: an immediate ban on opaque off-balance-sheet "special purpose vehicles," which played such a big role in the meltdown (and in the Enron scandal). Another: the establishment of a G20 College of Supervisors, the beginning of a world regulatory body to oversee financial markets, coordinate national responses and troubleshoot crises at cross-border financial institutions...

Author: /time Magazine | Title: The G20's Chance Meeting | 3/19/2009 | See Source »

...carcass of the so-called “Fairness Doctrine” would rise again. This policy, originally established by the Federal Communications Commission in 1949, mandated that the federal government enforce a balance of political viewpoints expressed via the medium of radio broadcast. For nearly four decades, this flagrant violation of the First Amendment was the law of the land; it was finally repealed during the Reagan years. Since then, the left has made intermittent attempts to revive the doctrine, but—thankfully—it has not yet succeeded...

Author: By Dhruv K. Singhal | Title: The Tyranny of Fairness | 3/15/2009 | See Source »

...More disturbing is the extent to which many commentators have gone to excuse the players on the team itself of any blame. Coaches are rarely blamed for a violent or an unnecessary hit in football, or a flagrant or personal foul in basketball or soccer—individual players are rightly penalized. Here, though, an unreasonable blowout has eclipsed the players’ realm and fallen onto the coach. The error with this partitioning of responsibility is seeing athletes as only beings acting physically on their fields and courts, with all of the mental processing being allotted to the coach...

Author: By Marcel E. Moran | Title: An Absence of Sportsmanship | 2/3/2009 | See Source »

...judge and ask for Madoff to be jailed? I don't think so. I know the prosecutors who made these decisions, and they are straight shooters who are not influenced by public opinion. I think they made a reasonable calculation the first time, and I think Madoff's flagrant disobeyance is good grounds to rethink that...

Author: /time Magazine | Title: Why Is Bernie Madoff Still Free? | 1/13/2009 | See Source »

...boys forage through garbage heaps, get hooked in by child-molesting Fagins and slip into lives of petty or flagrant crime, you'll be reminded of Pixote and City of God and Oliver Twist and a dozen Indian musical melodramas - which are more sanitized by far but display the same obsession for family ties and first love, and are just as unashamed in pushing feelings of joy and despair to the apogee of passion. Jamal's search for his long-lost lifetime love Latika is the stuff of Indian-pop films from the Raj Kapoor era to today. True...

Author: /time Magazine | Title: Slumdog Millionaire: A Dark Indian Epic Full of Life | 11/12/2008 | See Source »

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