Word: laws
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...appears to have returned to robust health. Goldman has paid back, with interest, the $10 billion that taxpayers gave it in October. It's making bets and taking risks again (most of the profits came from Goldman's trading operations), which is what capitalism is about. "Is there a law in the United States that you can't make profits?" Democrat Paul Kanjorski, a senior member of the House Financial Services Committee, asked the day of the earnings report...
...coffee shop, grocery store and yellow electronic gate with machine-gun-wielding guards. Efrat is one of 17 settlements that make up a bloc called Gush Etzion, located not in Israel but in the occupied West Bank. The Katzes (Sharon, husband Israel and five children) consider themselves law-abiding citizens. They publish a small community magazine and take part in civic projects. Sharon raises money for charity by putting on tap-dancing and theater shows. And yet to much of the outside world, the Katzes are participating in an illegal land grab forbidden by the Geneva Conventions, which prohibit...
...Israeli army is always skirmishing with radicals like Zar, giving up the occasional outpost is politically feasible, even popular. But challenging powerful men like Goldstein ("He has a lot of friends in America," former President Jimmy Carter told TIME on his way into a meeting with the mayor) and law-abiding citizens like Sharon Katz is another matter. Politically, it is not easy for Netanyahu to face down the settlers. But if he does nothing, Obama will have to confront the Israelis more directly than has any other President since George H.W. Bush, who threatened to refuse granting Israel...
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...
...Booker bio is irresistible - and familiar: he arrived in Newark fresh out of Stanford, Oxford and Yale Law, passing up riches to save a poor city. He moved into a decrepit Newark public-housing project, which has since been torn down, and was elected to the Newark city council at age 29. In 2006, at 37, he became mayor. To his supporters, who include A+ listers like Oprah Winfrey, Bon Jovi and Brad Pitt, plus an élite cadre of Wall Street and Silicon Valley scions, Booker's self-sacrificial tale is heroic. To his critics, Booker is still...