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...other forms of financial regulation, many conservatives long thought that few, if any, were needed, but the crisis has changed some minds. Alan Greenspan's famous October admission that his antiregulation ideology had failed was a landmark on this front. Federal judge and Chicago Law School professor Richard Posner's new book, A Failure of Capitalism, is another. In it, Posner fingers financial deregulation as a major cause of the crisis. He's less clear about what we ought to do now, although one of his suggestions very much fits the crude-measure standard: we should consider raising income taxes...

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

...general Prabowo Subianto. The opposition is also worried that 5 million names have been added to voter lists, many of whom, they say, are doubles, underage and even dead. "It is just days before the election and we have not received the election roll [voter list] as mandated by law...

Author: /time Magazine | Title: As Indonesia's Election Day Nears, Complaints of Fraud Grow Louder | 7/5/2009 | See Source »

...law, Sara has to cook the placenta at the placenta owner's home. But to my great relief, she brought her own equipment, gloves, sponges and even more detergent than I'd hoped, scrubbing constantly as she worked. If I ever kill a man in my own home, I am totally calling the placenta lady. (See the top 10 scientific discoveries...

Author: /time Magazine | Title: Afterbirth: It's What's For Dinner | 7/3/2009 | See Source »

...some critics, the new inquiry is too limited in scope and comes too late. "It is an insult to the intelligence of the people, at the expense of millions of dollars," says Iqbal Haider, who served as attorney general and law minister in Bhutto's governments. "What would an inquiry do after more than one and a half year has passed, when all the evidence was washed away, and no autopsy was taken of Benazir Bhutto or the 20 party workers who died with her?" (The Musharraf government was widely criticized after rescue services hosed down the scene...

Author: /time Magazine | Title: Pakistan Hopes for Answers on Bhutto Murder | 7/3/2009 | See Source »

...Versions of Section 377 - often identified by the same three digits - exist throughout the former British colonies of Asia and Africa, and there is some hope among activists in the region that today's ruling will help efforts elsewhere. Nepal has already overturned the law, but as the largest country in South Asia, India's repeal effort has been watched especially closely. "We have had a very progressive leadership, and I sincerely hope that the Indian decision will help us in the right direction," says Sahran Abeysundera, a gay rights activist in Colombo, Sri Lanka's capital. As in India...

Author: /time Magazine | Title: India's Historic Ruling on Gay Rights | 7/2/2009 | See Source »

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