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...really big, bold change envisioned in the Obama plan is the creation of a Consumer Financial Protection Agency that would take over the drafting and enforcement of consumer financial rules from the banking regulators. This is a move proposed two years ago by Harvard Law School professor Elizabeth Warren, who is now chairman of the panel overseeing the Treasury Department's bank bailout. "It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house," Warren wrote in the journal Democracy in 2007. "But it is possible to refinance...

Author: /time Magazine | Title: Is Obama's Financial-Reform Plan Bold Enough? | 6/18/2009 | See Source »

...state public undergraduate tuition rate for veterans who have served at least three years after 9/11—allows institutions to enter into agreements with the Department of Veterans Affairs to pay up to half of the remaining tuition expenses with the VA matching that funding.While Harvard Law School and the Graduate School of Arts and Sciences have agreed to fund the full cost of tuition with the VA under the program—meaning that HLS will contribute approximately $21,000 per student—the University's other professional schools instead opted to commit...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Schools Vary Widely In Level of Support for Veterans Aid | 6/18/2009 | See Source »

...that the White House has thus far refused to publicly criticize the Justice Department's filing last week that defended the Defense of Marriage Act and compared the prohibition of same-sex marriage to the prohibition of incest. While the Justice Department is obligated by tradition to defend current law in court, several gay-rights activists said they found the arguments in the brief insulting. "As an American, a civil-rights advocate and a human being, I hold this Administration to a higher standard than this brief," wrote Joe Solmonese, head of Human Rights Campaign, in a letter to Obama...

Author: /time Magazine | Title: On Agenda, Gays Ask, but Obama's Not Telling | 6/18/2009 | See Source »

...system, rather than outside it. "These lawyers are not advocating a fundamental change to the political system. They are not asking the Communist Party to step down and introduce a Western model of multiparty rule," says Ho. "They are only asking the government to fulfill its promise within the law...

Author: /time Magazine | Title: Why the Case for China's Lawyers Doesn't Look Good | 6/17/2009 | See Source »

...British secondary school students attend citizenship classes, but this 20-week course is designed to complement those lessons, incorporating Koranic scripture as a key teaching tool. The classes cover topics including What is Democracy?; Law and Order; and British or Muslim, or British Muslim? Officials say the trial classes, which ended in April, were a success. "The feedback we received was very positive," says Khalid Mahmood, project manager. "Teachers have said [the materials] kept the children very engaged." From May 22, final versions of the lessons went online at theiceproject.com. While it's a voluntary program, "we expect there will...

Author: /time Magazine | Title: Battling Extremism with Education | 6/17/2009 | See Source »

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