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Dates: during 2000-2009
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...routinely drop such nuance when we talk about economic variables in public conversation. "One of the things that gets lost is the fact that there are ways of trying to assess errors in forecasts," says Robert Eisenbeis, a former researcher at the Atlanta Fed who is now chief monetary economist at the money-management firm Cumberland Advisors. "It's possible to think about these forecasts not as 'GDP is going to be 0.6% this year' but as 'GDP is going to be 0.6% plus or minus something.' What's relevant is how big that plus or minus...

Author: /time Magazine | Title: Why Are Economists So Bad at Forecasting? | 7/17/2009 | See Source »

...this before, but now there have been important advances on the technology side," says Theodore Craver Jr., chief executive officer of Southern California Edison...

Author: /time Magazine | Title: Utilities Scramble to Meet Power Needs of Electric Cars | 7/16/2009 | See Source »

...their qualms if he were clearer about where his red lines are for health-care reform. While the President insists, for instance, that he wants to see a public plan in the legislation, he has refused to spell out in detail what it should look like. Meanwhile, White House chief of staff Rahm Emanuel has been talking up the possibility of setting up a public plan only as a fallback if the private-insurance industry fails to create a robust and competitive market for health coverage. "The goal is to have a means and a mechanism to keep the private...

Author: /time Magazine | Title: Time for Obama to Step In? | 7/16/2009 | See Source »

...idea that the Supreme Court can make policy shouldn't be controversial after its decisions in two of the most contentious cases of the term that ended last month, one involving voting rights and the other affirmative action. In the voting-rights case, Chief Justice John Roberts produced the most impressive example of judicial statesmanship of his tenure by persuading all but one of his fellow Justices to converge around a result that never occurred to Congress when it passed the Voting Rights Act in 1965. A prudent demonstration of judicial policymaking, the decision was widely praised by liberals...

Author: /time Magazine | Title: What's Wrong with Judges Legislating from the Bench? | 7/16/2009 | See Source »

...Critics have lambasted the ban, saying it reeks of moral censorship. "It's a very worrying sign if the Ukrainian authorities say they are banning the film because of homosexual scenes," says Evhen Minko, chief editor of media-watchdog magazine Telekritika. Given the way the film lampoons intolerant attitudes toward homosexuality, the joke seems to be on them. "They didn't understand it," says Minko. "The commission's interpretation of the film is a parody in itself...

Author: /time Magazine | Title: No Sex, Please: Ukraine Bans Brüno | 7/15/2009 | See Source »

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