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...know exactly how to do this - does anyone? - but that's how we solve the problem of letting the small fry fail while saving the wounded whales. Perhaps, as many have urged lately, we can start by reviving elements of the Glass-Steagall Act that kept old-fashioned banks out of the far riskier investment business. And out of big trouble. As we've seen, most of the giant rescued institutions didn't understand their problems until it was too late, so how do you expect a regulator to see trouble coming...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...sure hand, the “South Asian novel” in general is approaching the self-caricature of modern Bollywood. In the Indian movie industry, the vibrancy of each film taken independently loses luster when held up against the genre: It’s always the same old song and dance.Yet first-generation South Asian immigrants, often guilty of penning the most terrifically clichéd novels of all, are also the most powerfully placed to guide the way out. Many Indian writers working in English live in the States or visit often, and they usually have the political...

Author: By Jessica A. Sequeira | Title: The Occidental Tourist | 10/29/2009 | See Source »

...island. A French farmer, Jose Bove, became something of a national hero in 1999 after he and a band of activists destroyed a McDonald's under construction to protest globalization and "bad food." The next year, a bomb detonated in a French McDonald's, killing a 27-year-old employee. No one claimed responsibility. (Read "Supersizing Europe: The McDonald's Stimulus Plan...

Author: /time Magazine | Title: McDonald's Abroad | 10/28/2009 | See Source »

...barricades. A split has emerged between Abbas and a younger generation of Fatah commanders who have lost patience with his faith in a U.S.-led peace process that has left them no closer to statehood than they were a decade ago. There are daily confrontations between the old guard and the new guard, says Hassan Bakir, chairman of the Palestinian Center for Research and Documentation in Beirut. They are tired of listening to Abbas, who hasn't lived up to his promises. The new guard is calling for a return to resistance. (See pictures of life under Hamas in Gaza...

Author: /time Magazine | Title: As Tensions Rise, Jerusalem Could Pose a New Crisis | 10/28/2009 | See Source »

...trial began on Oct. 26 in the same courthouse in Dresden where the killing took place. The 28-year-old defendant wore a cap, a dark blue hooded top and sunglasses to conceal his face as he was led into the courtroom, flanked by police officers, and seated behind a screen of bulletproof glass. Prosecutors then described how el-Sherbini, 31, was attacked. The pharmacist had appeared in court on July 1 to testify in a hearing against Alex W., who was appealing an earlier conviction for defaming el-Sherbini by calling her an "Islamist" and a "terrorist...

Author: /time Magazine | Title: The 'Headscarf Martyr': Trial of the Century for Muslims | 10/28/2009 | See Source »

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