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...Rolling Stone] article makes a very compelling case against Goldman Sachs, but I think the problems it identifies are pervasive in financial firms and corporate America in general," says Nell Minow, who is the co-founder of the Corporate Library, a research firm that tracks corporate-governance issues. "We need to launch substantive financial reform rather than weighing the faults of one firm versus another." Minow's point is this: spend too much time on Goldman and you miss the fact of how broadly the financial system and the regulations that are supposed to keep profiteers in check failed...
...safe haven during the worst of the crisis now head for riskier assets. Throw in concerns over the U.S.'s spiraling deficit and calls from China for an alternative reserve currency, and "the likelihood is the dollar's going to remain under pressure," says Simon Derrick, head of currency research at Bank of New York Mellon in London. "You're going to see it continue to slide." (Watch TIME's video of Peter Schiff trash-talking the markets...
...This turns out to be true across the economic spectrum. The groundbreaking research on the effects of divorce on children from middle- and upper-income households comes from a surprising source: a Princeton sociologist and single mother named Sara McLanahan, who decided to study the fates of these children with the tacit assumption that once you control for income, being part of a single-parent household does not adversely affect kids. The results - which she published in the 1994 book Growing Up with a Single Parent: What Hurts, What Helps - were surprising. "Children who grow up in a household with...
...behaves exactly like a married man," says Robert Rector, a senior research fellow of domestic policy at the Heritage Foundation. If a man is willing to contribute 70% of his income to the child's upbringing, dedicate himself around the clock to the child's well-being and create a stable home life - a home life that includes his actually living there with mother and child - he might be able to give his child the boon of fatherhood without having to tie the knot. But that rarely happens. When children are born into a co-habiting, unmarried relationship, says Rector...
...world's largest producer. Iraq currently pumps just 2.4 million barrels a day, because its oil facilities need huge capital upgrades. "Even if this process had gone as planned it's still not sure that the targets would be reached," says Leila Benali of the Cambridge Energy Research Associates. Still, Iraqi officials are confident that with enough international expertise and investment, their country could produce 6 million barrels a day within a decade. (See pictures of the Exxon-Valdez disaster...