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...Pecora Commission, in 1932. Now, after a year of sometimes enlightening but mostly maddening congressional hearings about the Panic of 2008, a potential modern equivalent is under way--the Financial Crisis Inquiry Commission, created by Congress but populated by a mix of financial experts and smarter-than-average former elected officials. In keeping with the P-heavy historical precedents, it could be known as the Phil Commission, after chairman Phil Angelides--a former California state treasurer who lost to Arnold Schwarzenegger in the state's 2006 governor's race. On the commission's first day of hearings, Angelides...

Author: /time Magazine | Title: The Moment | 1/25/2010 | See Source »

...established its Office of Financial Education in 2002. But most Americans have not heard of these commissions because of a lack of publicity. With a little more accessible financial knowledge and understanding of how things such as interest rates can affect one’s pocketbook, Americans will make smarter decisions, invest more money into the economy, and participate to a greater degree in the dialogue that dominates our newspapers and our thoughts...

Author: By Patrick Jean Baptiste | Title: Ignorance is Not Bliss | 1/25/2010 | See Source »

THOMAS WHITE, professor of ethics at Loyola Marymount University in Los Angeles, on a recent series of behavioral studies that suggest dolphins may be smarter than chimpanzees...

Author: /time Magazine | Title: Verbatim | 1/18/2010 | See Source »

...prosperity of countries depends on their success in harnessing the talents of women. There is compelling evidence that they will be the driving force behind the economic growth of the coming decades. Ignore the potential of one half of your population - and exam results seem to suggest the smarter half - and you are going to be left behind...

Author: /time Magazine | Title: The Change We Need | 1/11/2010 | See Source »

...seems more quick-witted or verbally agile. Holmes was a late-19th-century bad boy, known for dipping into the cocaine here and there, and Downey Jr., reformed though he may be, is still our favorite bad boy. To imagine him in a different Sherlock Holmes movie, one darker, smarter and less desperate to entertain, invigorated by a less standard-issue plot, is to dream of what could have been...

Author: /time Magazine | Title: Sherlock Holmes: Impressive Abs, Unmemorable Action | 12/25/2009 | See Source »

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