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...expulsion from Exeter--followed by a Harvard acceptance letter. ("It was a little easier to get into Harvard in those days," recalls Plimpton's brother Oakes.) The founding of The Paris Review offers proof that enthusiasm can trump disorganization, but Plimpton doesn't come into focus until his brief engagement to Bee Dabney, who dumps him for a friend at their engagement party. Dabney tells the tale here, but it was hardly a secret; Plimpton dined out on it for years. "That was quintessential George," says John Heminway. "He took such pleasure in telling a story about what great sadness...

Author: /time Magazine | Title: Charmed Life | 10/31/2008 | See Source »

...Japan discovered the futility of ultra-low interest rates in the 1990s, when the Bank of Japan (BOJ) tried to prod the country out of a protracted recession by lowering the rate all the way to zero in 1999 - where it stayed, with one brief interlude, until 2006. Despite the fact that lenders could essentially get free money from the government, Japanese banks were busy recapitalizing and paring down mountains of bad assets, and had little interest in doling out more loans in a moribund economy. The zero-rate policy did little to stimulate growth...

Author: /time Magazine | Title: Will the Fed's Rate Cut Help? The Japan Lesson | 10/30/2008 | See Source »

Airing the Facts on Ayers Claire Suddath's article "A Brief History of: The Weathermen" implied that Bill Ayers' terroristic activity was ancient history and that he reformed his ways long before his relationship with Obama [Oct. 20]. Quite the contrary: in 2001, Ayers said of his domestic bombings that he felt his group didn't do enough. Not to report this salient fact was misleading and biased. Andy Horvath, ELVERSON...

Author: /time Magazine | Title: Financial Contagion | 10/30/2008 | See Source »

...entire college experience, it would be Halloween.All Hallows Eve provides students the opportunity to create a new identity for themselves and pretend to be whatever they want, regardless of who they were yesterday.The holiday gives us license to engage in mischief and debauchery with relative impunity for a brief moment before we are confronted once again with the harsh realities of life.Halloween, like college, is a chance to do regrettable things without actually having to regret them.There is no such free pass in Ivy League football.With just seven games of conference play, each Saturday brings a sense of urgency, each...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: AROUND THE IVIES: No Ivy Mischief On ‘Day Of Dead’ | 10/30/2008 | See Source »

...Just before midnight, Obama concluded his remarks, and the two men hugged, shook hands, waved with their arms around each other and worked the crowd in tandem. It is expected to be their first and last appearance together before Election Day. Perhaps this brief union between Bill Clinton and Barack Obama is something of a shotgun political marriage, but tonight, at least, they effectively mimed bliss...

Author: /time Magazine | Title: Barack and Bill: For One Night, At Least, a Happy Couple | 10/30/2008 | See Source »

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