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...Economics Humor Session is the AEA conference's first attempt to inject a little levity into an annual confab that noneconomists might charitably describe as dry. "You can count on one hand all the funny economists in the world," says R. Preston McAfee, a California Institute of Technology economics professor and Yahoo! research fellow who presided over the evening. But despite their rarity, some of these academics have attracted wide followings--admittedly, among those who can laugh at supply-demand curves. Yoram Bauman, a professor at the University of Washington, bills himself as the World's First and Only Stand...

Author: /time Magazine | Title: Didja Hear the One About the Funny Economist? | 1/15/2009 | See Source »

...House - where leading Democrats like Barney Frank are pushing for stringent, spelled-out conditions - and then go to the President's desk for a veto, Democratic sources said. Even if Bush can do the honors before he leaves office, Obama would still have to take office as both chambers attempt overrides of the veto. Such a situation might force Obama to expend some of his political capital on fixing the holdover problem, and it could drain support for what he prefers to be concentrating his time and energy on: a potentially trillion-dollar stimulus bill. That too, of course...

Author: /time Magazine | Title: Obama Urges Congress Not to Block the Bailout | 1/14/2009 | See Source »

...Israeli bombardments and fighting in Gaza pushed the reported Palestinian death toll above 1,000 on Wednesday, negotiators for Hamas, the Islamic militants who rule Gaza and are firing rockets into Israel, showed signs of softening their defiance to Egypt's attempt to broker a ceasefire. In Cairo, a Hamas spokesman appeared more conciliatory toward the Egyptian peace plan and said that the Islamist leadership, both in Gaza and in Damascus, would be studying the latest Egyptian proposal, whose contents have yet to be disclosed. One Hamas source told TIME, "We've moved a step forward...

Author: /time Magazine | Title: Egypt Works to Broker a Hamas-Israel Cease-Fire | 1/14/2009 | See Source »

...After his last major league stint with the Dodgers in 2003, Henderson couldn't give up the sport. He went to play for the minor league Newark Bears in an attempt to prove that he was still a viable player. He then played for the even more minor San Diego Surf Dawgs, which, a team publicist admitted to The New Yorker was often assumed to be a girl's softball team...

Author: /time Magazine | Title: Rickey Henderson | 1/13/2009 | See Source »

...Gaza Strip. But apparently even these well-intentioned efforts are not enough for the radical Hamas leadership, which has repeatedly refused to recognize Israel as a state and has called for its complete destruction. As Israel is—understandably—not going to eliminate itself in an attempt for peace, it is left with no options other than military retaliation in order to persuade Hamas to cease its terrorism...

Author: By Alix M. Olian | Title: Israel Gave Peace a Chance | 1/13/2009 | See Source »

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