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...Bernanke in at the Fed at the moment of a flameout of 1930s magnitude - Larry Summers made his reputation as an employment theorist. Summers is the nephew of two Nobel economists and was regarded as the smartest undergrad anyone knew, but as he surveyed his research options 30 years ago, he settled on the then relatively unsexy specialty of labor. The subject tickled his sense of skepticism. "The view that was taking hold at that time, a view that unemployment wasn't a terribly serious problem, was importantly wrong," Summers says. "I thought if you could have areas where there...
...Well, in fact, speaking of de Tocqueville, there was that Putnam study from a few years ago about bowling alone. I remember somebody rebutted that by saying, people aren't bowling alone, they're playing soccer in groups - you're not looking at the right kind of examples...
...cliche of black political organizers facing off against white corporate elites doesn't fit. The black candidates include a former real estate corporate vice president, a state senator, and a corporate-law attorney who was a Rhodes Scholar. The white candidate, re-elected city-wide four years ago, is a longtime community activist and the candidate most likely to be photographed with a bullhorn in her hand. This all comes at a time when Atlanta is struggling with financial red ink, rising crime, and an increasingly affluent population fed up with high taxes and poor services. When November comes, Atlantans...
...could tell Obama, it's best not to get too euphoric at the way a speech can make the numbers jump. After all, Clinton got virtually the identical result the day after he gave a similar speech on his own health-care plan in that same spot 16 years ago. It turned out to be the high-water mark for an initiative that spent the next year in a drawn-out death spiral and that proved to be a failure that helped cost the Democrats control of Congress in the 1994 elections...
...Reports of assaults started to surface a year ago, peaking with a series of vicious attacks in May and June this year that left one student in a coma. Over 2,000 students marched in Melbourne in protest, prompting the Indian government to condemn the violence in June and Prime Minister Kevin Rudd to issue a statement officially denying that the country was unsafe for Indian students. Students claimed the attacks were racially motivated, but police and government authorities maintained they were mainly opportunistic. Tensions also spread to Sydney, with protests erupting at Harris Park, in the city's west...