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Those proposed rules didn't make the final December cut, but certain SEC commissioners want to revisit the issue. In a February speech, commissioner Kathleen Casey said it was imperative to address "the oligopoly in the rating industry" and overreliance on ratings in the SEC's rules. "These requirements - which accord privileged status only to ratings from certain firms - have served to elevate ... ratings to a status that does not reflect the actual purpose, much less the limitations, of credit ratings," she said...

Author: /time Magazine | Title: The SEC's Next Challenge: Fixing the Ratings Agencies | 4/15/2009 | See Source »

...absolutely certain why folks are in such a bad mood in Oklahoma, but they are. They're even gloomier in Mississippi. As for Kentucky? Just try and find a smile. Things are a whole lot cheerier, though, in Iowa, Nebraska and the Dakotas. And not surprisingly, the happiest state in the nation is sunny Hawaii...

Author: /time Magazine | Title: The Gloom Belt: Kentucky Is the Saddest State | 4/15/2009 | See Source »

...history of the Advocate is also a source of certain privileges. For instance, the cover of the Fall 2008 Archives issue depicted collages by John Ashbery, a former Advocate editor. “No other magazine would be able to get the rights to those collages,” says Morcos. “But we can fall back on our history...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: ‘Advokats’ In The House | 4/15/2009 | See Source »

...solitary business, but you have a desire for an audience,” Begley says, comparing the Advocate to a sanctuary for students who care about writing and the arts. “Creative writing classes fulfill that to a degree, but the Advocate gives budding writers a certain autonomy and companionship...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: ‘Advokats’ In The House | 4/15/2009 | See Source »

...Australia, Romania and Saudi Arabia requesting certificates tailored to their former faith. "We've had Jewish people write in asking, 'Can I have a certificate to undo my bar mitzvah?'" says Sanderson. And while the group is considering those requests, there's at least one recurring query they're certain they can't undo, symbolically or otherwise: "How can I get myself uncircumcised...

Author: /time Magazine | Title: De-Baptism Gains a Following in Britain | 4/14/2009 | See Source »

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