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...Schapiro's financial self-regulation background may not be enough. According to Dr. Fred Dunbar, senior vice president at NERA, an economic consulting firm, "banks are suppose to behave themselves under self-rule." During the Bush Administration this popular belief drifted over to the SEC, Dunbar says. "The feeling was, with the SEC, that with such self-enforcement they wouldn't have to step up their own enforcement. But the financial crisis has led to a re-examination of this theory, firms don't behave as one might think in theory...

Author: /time Magazine | Title: Can Mary Schapiro Revitalize the SEC? | 1/27/2009 | See Source »

...there will be more wrangling down the line. "A constitution is only a foundation," says Carlos Alarcon, a constitutional lawyer and Vice Minister of Justice under former President Carlos Mesa. There is likely to be debate about any new legislation based on the language of the new charter. "Bolivia is going to have to strengthen its institutions - both state and judicial - if this new constitution and the new laws are going be implemented...

Author: /time Magazine | Title: Bolivia's Revolutionary New Charter | 1/27/2009 | See Source »

...Currently a senior fellow at the think tank Center for American Progress, where he focuses on climate change and environmental issues. He is also a member of the Council on Foreign Relations and a vice chair of public policy for the law firm Wilmer Cutler Pickering Hale and Dorr...

Author: /time Magazine | Title: Climate Change Envoy Todd Stern | 1/26/2009 | See Source »

...Hillary Clinton's presidential campaign, joking that global warming would fare better as a 2008 campaign issue if the GOP picked a candidate skeptical on the science. Tancredo had recently told the Associated Press that the last work of fiction he read was An Inconvenient Truth by former Vice President Al Gore (Environment & Energy News...

Author: /time Magazine | Title: Climate Change Envoy Todd Stern | 1/26/2009 | See Source »

...commissioners Michael Williams and Elizabeth Ames Jones. Hutchison's resignation would allow Perry to name her replacement, supposedly giving that person an advantage in a special election. But special elections in Texas have an unpredictable quality. In 1961, after Lyndon B. Johnson's move from the Senate to the vice presidency, Republican John Tower emerged from among 70 contenders to win a seat he went on to hold for 24 years. Then, in 1993, when Democratic U.S. Senator Lloyd Bentsen became Secretary of the Treasury in the Clinton Administration, Governor Ann Richards named fellow Democrat Bob Krueger to the seat...

Author: /time Magazine | Title: Bush Returns to a Divided Texas Republican Party | 1/25/2009 | See Source »

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