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...Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke have urged Beijing to encourage Chinese consumers to spend more (preferably on U.S. imports) and save less. It's true that a culture of financial prudence has shaped the psyche of generations of Chinese, leading to a national savings account of $2 trillion at the end of 2006. But it isn't quite fair to suggest that overly frugal Chinese consumers are largely responsible for trade deficits. Households only account for half of China's total savings. High levels of government and business savings also contribute. China's central bank...

Author: /time Magazine | Title: Raiding the Piggy Bank | 2/22/2007 | See Source »

Klein was reasonable but left readers wondering what it means to support the troops. He failed to hold his audience accountable, to demand that a choice be made and acted upon. Where was the call to action? Where was the directive to take the President and his regime to account publicly, loudly, immediately...

Author: /time Magazine | Title: Letters: Mar. 5, 2007 | 2/22/2007 | See Source »

...attention and favor of their al-Qaeda boss. He described his rival as "Al-Qaedah's 24 ct. [carat] Golden Boy" and claimed he'd said he wanted to rob and kill Jews back in Australia and crash an airplane into a building. Abbasi's resentful and deeply unflattering account of his Australian comrade, David Hicks, is contained in a 148-page memoir he wrote for anti-terrorism investigators while incarcerated in the U.S. military prison at Guantánamo Bay in Cuba...

Author: /time Magazine | Title: David Hicks Under Fire | 2/22/2007 | See Source »

...Vice President Matthew L. Sundquist ’09. Instead of pushing the idea through the Faculty of Arts and Sciences’ committee system, which often moves at a glacial pace, Petersen and Sundquist led the UC in acting unilaterally. They created a Harvard Computer Services e-mail account to act as an anonymous tip line and opened it to students, promising that a committee of four undergraduates would assemble the information and present it to problem TFs. Unfortunately, the line may have been launched a bit too quickly; though a good idea in principle, it could be ruined...

Author: By The Crimson Staff | Title: A Hasty Hotline | 2/21/2007 | See Source »

Cathy Tsacoyeanes, a Connecticut middle school vice principal, said that the changes brought on by the law were needed, particularly in inner city schools like her own. But she also said that the law does not take into account a number of factors that influence students’ overall performance...

Author: By Abby D. Phillip, CONTRIBUTING WRITER | Title: Report: Districts Unprepared for Education Bill | 2/21/2007 | See Source »

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