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Nationalism plays a growing part in the competition. Viewers from across Europe are allowed to phone or text in their rankings of the contestants, with the proviso that a country's voters cannot vote for their own country's representative. Yet this has led controversial bloc voting in an effort to prevent others from winning. Says Alexander Panaiotov, a Russian pop star: "It's the biggest musical event of the year. Of course it's politicized." A case in point, he says, is Russia and Ukraine. "Russia doesn't care if, say, Bosnia wins, but if Ukraine wins...

Author: /time Magazine | Title: Eurovision in Russia: Politics and Pop Music | 3/16/2009 | See Source »

...there will be Senators who cannot resist the urge to spend days in front of cameras questioning how some of the taxpayer's money went into the hands of people who may or may not have deserved it. Afterward they can spend the evenings in their offices smoking expensive cigars and sipping cognac...

Author: /time Magazine | Title: AIG's Bailout and the Price of Doing Business | 3/16/2009 | See Source »

...paper it holds or is just making a public insult about the flaws in American capitalism may never be known. What is known is that the financial markets have enough concern about Treasuries now to support a market for insuring U.S. debt in the event that the government cannot meet its obligations in the future. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Will the U.S. Sell Assets As the British Government Did? | 3/16/2009 | See Source »

...either the vast majority of all swaps - not just AIG's - are held by investment banks, or a significant portion is held by other financial institutions like hedge funds. Suppose all swaps are held by banks. Since swaps are a zero-sum game, the banking industry as a whole cannot lose money on swaps. Then there is no need for a bailout. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: The Case for Letting AIG Fail | 3/16/2009 | See Source »

While we are glad that the report has recognized some of the current problems of house life, we hope that the university does not wait until the renovations are complete to address some of these issues. Though some problems cannot be avoided given the current physical configuration of the houses, others can be alleviated for students immediately. Dining-hall hours, for example, or at least the quality and hours of brain break, could be improved long before the renovations. And, though the amount of available common social space cannot be changed, lesser-used social spaces can be made more welcoming...

Author: By The Crimson Staff | Title: Change We Can Believe In | 3/16/2009 | See Source »

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