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This line of reasoning is most closely identified with Elizabeth Warren, a Harvard law professor and the current chairwoman of the congressionally appointed committee overseeing the Treasury's bailout efforts. In a 2007 article in the journal Democracy, Warren argued for what she called a Financial Product Safety Commission. But the idea isn't exclusive to her. Canada, which did not suffer the subprime woes of its southern neighbor, created a consumer financial agency in 2001. Australia and the Netherlands have taken the more ambitious step of consolidating all consumer and market oversight under one financial regulator while leaving soundness...

Author: /time Magazine | Title: Financial Aid | 7/27/2009 | See Source »

...Every department needs leadership if the department is going to go from outstanding to more outstanding," said Stephen Waxman, Yale's current neurology chair, who also praised Hafler's work in organizing international research consortia. "Among people who are really good scientists, very few have the innate ability to build programs and collaborations and cooperative efforts, and he has that ability...

Author: By June Q. Wu and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Yale Poaches Harvard Prof in Medical School Expansion | 7/27/2009 | See Source »

...There are other thorny issues. The House, for example, envisions giving insurance to about 10 million currently uninsured by broadening the guidelines of Medicaid, the state/federal program for the poor. The problem is that many governors of already cash-strapped states are voicing their opposition to this proposal; while the current bill says Washington would foot the bill for these new Medicaid enrollees, states that are having a hard enough time as it is paying their share of the program are wary of what might happen several years from now. At the same time, Blue Dogs in the House...

Author: /time Magazine | Title: The Five Biggest Hurdles to Health-Care Reform | 7/27/2009 | See Source »

...Post by warning that the bigger risk lies in not passing health-care reform, since the status quo promises only higher costs and less coverage. Over the weekend, Obama also tried to counter the notion that reform will add costs to small-business employers, a frequent attack of the current plans...

Author: /time Magazine | Title: The Five Biggest Hurdles to Health-Care Reform | 7/27/2009 | See Source »

...current uprising is nowhere near as widespread as that of 1979. Yet the activism is creating a new political space in Iran. The public is defining its own agenda, with Rafsanjani, Mousavi and other opposition figures responding to sentiment on the street rather than directing it. After meeting on July 20 with the families of people detained following the election, Mousavi warned the power structure, "You are facing something new: an awakened nation, a nation that has been born again and is here to defend its achievements...

Author: /time Magazine | Title: Iran's Protesters: Phase 2 of Their Feisty Campaign | 7/27/2009 | See Source »

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