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...talk about the need for a financial-products safety commission. What do you think of the proposal the Obama Administration has put out there? In the outline form we've seen so far, it looks like a good idea. But as I say in the book, if the thing is created, it's going to be barraged by new financial products from up above on Wall Street. They won't know what hit them. So I think unless there is some sort of regulatory body that is going to play chess with Wall Street, a complimentary body that filters this...
...your book is about the history of borrowing money. Any favorite episodes? Well, it's been a long road. During the Roman Empire, the first anti-usury law - and I think this says it all - was found in the Council of Nicea in the 4th century. It states that no clergyman could practice usury, so you can get a pretty good idea of what was going on then - lending to the flock. The odd part is, the Council of Nicea was also the council that confirmed the concept of the Trinity. Those are probably two of the most unlikely pieces...
Author Kurt Andersen's new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political and cultural opportunities to be found in the wake of the financial crises. In this excerpt, the fifth of five pieces to appear on TIME.com, he urges America to keep its edge, even as the recession fades...
...seen a lot of action over his 45 years. The soldier has been a toy, a comic book, a cartoon, another toy and several videogames. But on Aug. 7, G.I. Joe gets his most challenging mission yet: anchoring his own live-action film. G.I. Joe: The Rise of Cobra hopes it can emulate Transformers and turn nostalgia for the 1980s toys and cartoons into success at the box office. (See pictures of ninja warriors: from myth to movies...
...ruthless terrorist organization determined to rule the world," as described in the intro to the 1980s TV cartoon G.I. Joe: A Real American Hero. (Cobra operatives got action figures, too.) G.I. Joe was also made into video games for early Atari and Commodore game platforms and as a comic-book series published by Marvel from 1982 to 1994. This won't even be G.I. Joe's first film - the animated flick G.I. Joe: The Movie went straight to video...