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...reckless issuance of subprime mortgages. In the U.S., the Treasury Department and lawmakers are seeking to bring greater transparency to the arcane world of financial derivatives by requiring the trading of them to be done through central clearing houses. Meanwhile, Trichet's group of central bankers wants banks to put up additional capital if they engage in especially risky types of financial market transactions. As the financial services industry braces for tougher oversight, it's keeping its fingers crossed. "There's a lot of wariness about all forms of financial market activities and that's perfectly understandable," says Richard Metcalfe...
...weird. It's freaked people out for more than a century, often for religious reasons, causing riots in England in the 1850s, a huge uprising in Brazil in 1904 and a polio-vaccine boycott in Nigeria in 2001. Such rebellions against vaccination typically lead to disease outbreaks that put unimmunized kids at elevated risk, and, unless someone does something to stop it, endless New Yorker stories...
...years before the crisis that allowed things to get so bad. From ill-considered deregulation of banking and derivatives to over-the-top encouragement of homeownership, Washington's fingerprints are all over the crisis. Almost nothing has been done to right these wrongs. That's lesson No. 3. Put another way: it's really hard for a democracy to make big changes in the absence of a big crisis--and the big crisis has passed...
...that Harris out himself to the media, Harris made a statement to PEOPLE magazine that was so direct it barely caused a ripple. In fact, when the writers of Sesame Street asked him to play the Shoe Fairy--one of the show's many celebrity fairies--Harris agreed to put on wings and sing and dance about footwear. With a slight rewrite. "He's called the Fairy Shoe Person!" he says when I get the name wrong. "Don't be rude...
...Sing-Along Blog. "He can be as snarky and sarcastic as anyone, but deep down, it's only love. He loves the milieu and the medium and the dumb stuff. Nobody who does magic doesn't love the dumb stuff." And no one who does magic can't put on some confidence. Harris' talent is showing you how that trick is done...