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...Some regulators including Britain's Turner are calling for big financial institutions to have "living wills" that would enable their activities to be wound up in an orderly manner in the event they failed, thus avoiding the sort of panic caused by the bankruptcy of Lehman Brothers a year ago...
Looking back, it was naive to expect Wikipedia's joyride to last forever. Since its inception in 2001, the user-written online encyclopedia has expanded just as everything else online has: exponentially. Up until about two years ago, Wikipedians were adding, on average, some 2,200 new articles to the project every day. The English version hit the 2 million - article mark in September 2007 and then the 3 million mark in August 2009 - surpassing the 600-year-old Chinese Yongle Encyclopedia as the largest collection of general knowledge ever compiled (well, at least according to Wikipedia's entry...
First, the fragility, a.k.a. risk. A year ago, officials at the Treasury Department and the Federal Reserve didn't think letting Lehman go bankrupt would be a disaster. Those same officials have since argued that the law gave them no choice. But it's also clear that the authorities--then Treasury Secretary Hank Paulson, in particular--didn't want to intervene. The Fed and Treasury had taken a lot of flak for their earlier bailouts of Bear Stearns, Fannie Mae and Freddie Mac. It was time to let the market work...
...this repurposing is easier said than done. Statistically speaking, we may have too many too large houses, but try to split them up - as people did a century ago with those Victorian mansions - and you're sure to hear from the neighbors. In order to keep houses as single-family homes and ostensibly protect property values, zoning ordinances and neighborhood bylaws often limit the number of unrelated people allowed to live in one dwelling...
That goes for his personal life too. Three years ago, when blogger Perez Hilton relentlessly demanded that Harris out himself to the media, Harris made a statement to PEOPLE magazine that was so direct it barely caused a ripple. In fact, when the writers of Sesame Street asked him to play the Shoe Fairy--one of the show's many celebrity fairies--Harris agreed to put on wings and sing and dance about footwear. With a slight rewrite. "He's called the Fairy Shoe Person!" he says when I get the name wrong. "Don't be rude...