The first non-European head of the Roman Catholic Church in more than a millennium has died at age 88.

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The Federal Reserve will have more power to oversee the financial industry, under one of the proposals outlined by Treasury secretary Henry Paulson Monday. The idea is to give the industry and consumers more information about the complicated ways Wall Street handles risk. And in the process, the federal government is updating a system that hasn't seen change since the Civil War.

More oversight for Wall Street, but is it enough?

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