This month's Foreign Policy features '21 Solutions to Save the World'. The one that stood out for me was by Mikko Hypponen, of a Finnish company, F-Secure Corp.
She addresses the issue of computer security, particularly 'phishing' by frauds claiming to be your bank. Her solution is simple: Create a new domain, BANK, which would be restricted to real banks. The fee for using this domain would be high for an individual ($50,000 - $150,000) but cheap for a bank and the process of receiving a spot in this domain would be much more rigorous than the five minutes it now takes to get a web site name for the com or net or org domains.
It's simple, yet elegant. Will ICANN implement it?
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