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Then there's the 1933 Glass-Steagall Act, which separated commercial banking from other financial endeavors. By the time Congress repealed the law in 1999, it seemed utterly out of step with the times, but now many economists are wondering if there is something to the idea of separating risky financial activities from essential ones. Or we could tax financial transactions, a policy suggested as far back as 1929 by Virginia Senator Carter Glass (he of the Glass-Steagall Act) and now identified most closely with the late Yale economist James Tobin. In the 1970s, Tobin proposed...

Author: /time Magazine | Title: Dumbing Down Regulation: The Quest For Simpler Rules | 7/6/2009 | See Source »

...plural in the title suggests that not just he but also Hoover was a national menace. Dillinger is seen as an independent businessman being squeezed by two ruthless cartels: Frank Nitti's gang and Hoover's FBI - the Chicago Mob and the wrong arm of the law...

Author: /time Magazine | Title: Kill Dill: Depp's Dillinger Disappoints | 7/6/2009 | See Source »

...Dillinger's Stations of the Cross. And these are lacking. Few sparks are struck in the love story; Cotillard, last year's Oscar winner for La Vie en Rose, makes a tepid bedmate for the always sexy Depp. Mostly the film displays gangsters doing their thing and brutal law-enforcement officers doing theirs. As played by Bale, the heroic Purvis is so steely and tightly wound, he's less a human being than a weapon - his eyes the gun sight, his terse words the bullets...

Author: /time Magazine | Title: Kill Dill: Depp's Dillinger Disappoints | 7/6/2009 | See Source »

That's a world Shonibare was born to navigate. At the time of his birth, in 1962, his father was a law student in London. When Shonibare was 3, his family moved back to Nigeria, but they returned to London in the summers. In Lagos, the future artist spoke English at school but Yoruba at home. At the end of the workday, his father changed from Western dress into African robes. "Being bicultural for a Nigerian is completely normal," Shonibare says. "There's nothing strange about...

Author: /time Magazine | Title: Decaptivating | 7/6/2009 | See Source »

...Washington Voting Rights Act Stays Alive In a highly anticipated Supreme Court ruling, the 1965 Voting Rights Act survived a legal challenge that many analysts expected to topple the landmark civil rights law. The court's 8-to-1 decision sidestepped the core constitutional issues in question, keeping intact a key provision of the statute. That measure, Section 5, requires all or parts of 16 states deemed to have a history of racial discrimination to seek federal clearance before changing voting procedures. Critics call the requirement outdated; defenders insist the scrutiny is still needed...

Author: /time Magazine | Title: The World | 7/6/2009 | See Source »

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