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...North Korea joined half a dozen sub-Saharan African countries in Tier 3. Malaysia, after being placed on the Tier 2 watch list last year, was relegated to Tier 3, thanks to allegations that immigration officials took part in trafficking and extorting refugees from Burma. "It is unfair to put us back on the list, as we are doing our best," complained Malaysian Deputy Home Minister Abu Seman Yusop to reporters...
...reforms. It's not just that the Obama reforms are less ambitious than those of the Great Depression. They're also inspired by a very different interpretation of what went wrong. In the 1930s the overarching idea was that Wall Street had been very naughty and needed to be put in the penalty box - for good. This time the animating spirit behind the changes seems to be that regulators let a lot of things slip through the cracks, so there's a need both to give them some new tools and exhort them to do better. (See award-winning pictures...
...result is a reform plan that's clearly had a lot of thought put into it, and responds to many of the most obvious failings of our financial regulatory setup, but doesn't really change the way the financial game is played. The Federal Reserve would have more power to snoop around financial institutions that it thinks pose a systemic risk, the FDIC would get the power to take over and wind down non-banks, most over-the-counter derivatives would be forced onto exchanges, and capital requirements would be ratcheted up across the financial system. But the current alphabet...
...rain doesn't put just golfers in a bad mood. Those corporate sponsors shelling out $240,000 just love schmoozing clients ticked off they can't follow Tiger. And forget about the fans. During a walk around Bethpage on Thursday, it was easy to stumble into tales of woe. One guy was stuck on a bus for three hours before getting to the course, only to be told that play was canceled. Many shelled out big bucks for opening day. "I waited a year-and-a-half for this and paid $200 for a ticket, and this is what...
...less. What they weren't worried about was being suppressed by the Iranian government. But in the networked, surreally flattened world of social media, those things aren't as far apart as they used to be - and what began as a toy for online flirtation is suddenly being put to much more serious uses. After the election in Iran, cries of protest from supporters of opposition candidate Mir-Hossein Mousavi arose in all possible media, but the loudest cries were heard in a medium that didn't even exist the last time Iran had an election. (See pictures of Iran...