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Back in September, V.V. Chari, an economist at the University of Minnesota and an adviser to the Federal Reserve Bank of Minneapolis, got a call from a Congressman. Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke were arguing that they needed $700 billion to save the nation's financial system, and the Congressman wanted to know what to make of it all. Chari said he didn't know - he hadn't looked at the data. Policymakers kept talking about how banks weren't lending to businesses or to individuals or even to each other, so Chari pulled numbers...

Author: /time Magazine | Title: Is There Really a Credit Crunch? | 12/24/2008 | See Source »

...These are very important questions,” Jasanoff said, “and the President will be a phone call away from people who are well-positioned to answer them...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Harvard Medical School Prof Named Obama Adviser | 12/24/2008 | See Source »

Zimel was at the house on Saturday to greet Obama and his family as they arrived. "He's very pleasant and very gracious," says Zimel. "I started to call her Mrs. Obama, and she said 'call me Michelle.' A very warm family...

Author: /time Magazine | Title: Obama Tries to Escape in Hawaii | 12/24/2008 | See Source »

...amendment to the state constitution or something more, a revision," Brown told TIME, explaining his original stance in favor of Prop 8's legality. "But the precedents for saying that the vote was a revision were very few. Based on that, I didn't think we could call it a revision, and therefore Prop 8 looked valid...

Author: /time Magazine | Title: Jerry Brown Reverses Course on Gay Marriage | 12/23/2008 | See Source »

...said. "Prop 22 [the previous initiative banning gay marriage] passed with 61% of the vote, and yet the Supreme Court said it was invalid. You can't just come back with [November's] 52-48 vote and write the same language of that proposition into the constitution and call it an amendment." The California Supreme Court is expected to hear arguments by March and issue a ruling later this year...

Author: /time Magazine | Title: Jerry Brown Reverses Course on Gay Marriage | 12/23/2008 | See Source »

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