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...professor at the University of Washington, bills himself as the World's First and Only Stand-Up Economist*--but insists on the asterisk to honor exceptions like Ben Stein, who played the stupefyingly boring teacher in Ferris Bueller's Day Off. Bauman does a killer parody of Greg Mankiw, chairman of George W. Bush's Council of Economic Advisers, a YouTube video of which has been watched 500,000 times. He's also the subject of a Facebook group called the Yoram Bauman International Appreciation Society (Pakistan chapter). "It's made up mostly of Pakistani graduate students," he says...

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

...crisis have been a rude awakening for many. "No one expected the problems to run this wide and deep," says a Harvard Ph.D. in attendance. "It's chilling." That's why many of the more accessible jokes of the evening involve bashing U.S. Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke, President Bush and just about everyone on Wall Street. "Italian Mafia are gangsters who make offers you can't refuse, whereas financial mafia are bankers who make you loans you can't understand," jokes Bauman. "I'm not sure which is worse...

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

...rainy season as a woman. Monika took me on as her responsibility almost immediately upon my arrival in the village of Ngare Sero (which means “Mountain of God” in the local language of Kimaa). She picked me up from the office of the village Chairman, covered me in jewelry, and from that moment on, I was hers. During my week in Ngare Sero, Monika dressed me, bathed me and explained why the young warrior men would swing their dreadlocks in our faces when we went out dancing. Each day, I accompanied Monika on her daily...

Author: By Megan A. Shutzer, CRIMSON STAFF WRITER | Title: Coming of Age in Ngare Sero | 1/15/2009 | See Source »

...stupid stuff. "We keep hearing we need to spend more. On what?" a transition aide asked. Obama's latest economic report predicted at least three more years of fairly high unemployment even if the stimulus succeeds, so speed can't be the only criterion. Democrat Jim Oberstar of Minnesota, chairman of the House Committee on Transportation and Infrastructure, has suggested that shovel-ready should apply to projects that can begin within a year, not just 90 days. This would give a real boost to mass transit; a two-year window would leave even more time to make thoughtful decisions...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

These days, House Transportation and Infrastructure chairman Oberstar is flacking a Rebuild America plan that pays new respect to transit, but it still puts highways first; you can't expect too much reform from a guy who's served as a staffer or member of Capitol Hill's prime pork committee since 1963, a guy who earmarked a $3 million highway in the last transportation bill to relieve the notorious congestion between County Road 565 in Hoyt Lakes, Minn., and the intersection of Highways 21 and 70 in Babbitt. Meanwhile, states like Alabama, Kansas and Texas have been releasing lists...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

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