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...expected, Obama announced that he would tap a well-known duo of economic advisers. Timothy Geithner, president of the New York Federal Reserve, will be his Treasury Secretary, and Larry Summers, a former Treasury Secretary, will lead his National Economic Council at the White House. He also named Melody Barnes, a longtime aide to Senator Edward Kennedy, to lead his Domestic Policy Council; and Christine Romer, a University of California, Berkeley, economist, to chair the Council of Economic Advisers, two other White House policy shops. Obama said this group would put some flesh on the bones of an economic stimulus...

Author: /time Magazine | Title: Obama Steps Up to the Plate on the Economy | 11/24/2008 | See Source »

Charles H. “Chuck” Turner ’62, a member of the Boston City Council, was arrested on Friday morning on charges of corruption and lying to federal agents, according to a statement from the Massachusetts U.S. Attorney’s Office. Turner, a Kirkland House alumnus, is accused of accepting a $1000 payment in August 2007 from a person looking to obtain a liquor license for a proposed club in Roxbury called “Dejavu”. The meeting was caught on hidden video, according to an affidavit filed by FBI Special Agent...

Author: By Michal Labik, CRIMSON STAFF WRITER | Title: Alum Arrested on Corruption Charges | 11/24/2008 | See Source »

...could replace Pandit? Robert Rubin, the former Treasury Secretary and head of Goldman Sachs, could be one choice. He is currently a director and senior council at the firm. But Rubin has been at Citigroup for a number of years, and it's not clear he has been helpful so far in stopping the losses. What's more, with a Democrat headed back to the White House his eye may be on Pennsylvania Ave. and not Park Ave., where Citi's executive offices are located...

Author: /time Magazine | Title: Will Citigroup Survive? Four Possible Scenarios | 11/22/2008 | See Source »

...just have to ask. But, she says, "You have to do it 24/7. You can't woo people only during election time." She has urged Republicans to buy advertisements promoting Republican candidates on black-oriented television and radio stations, locally and nationally. She also runs the Pennsylvania New Majority Council, which aims to boost GOP support among people of color. During Tom Ridge's 1994 Pennsylvania gubernatorial campaign, Amoore recalls, she took him to some of the bleakest areas of north Philadelphia. "This is what our candidates need to see - how people are living, and how they can help those...

Author: /time Magazine | Title: Is There a Future for Black Republicans? | 11/21/2008 | See Source »

...with a long-overdue thank-you. Back in 1998, when Zardari's late wife Benazir Bhutto was powerless and out of favor with the United States, the then First Lady had received her at the White House, over the objections of both the State Department and the National Security Council. Bhutto eventually regained her influence, and before her assassination last December, became an important U.S. ally. But she had never forgotten that act of graciousness, Zardari told Clinton on Nov. 14. "To be treated with such respect was very important...

Author: /time Magazine | Title: Why Obama Wants Hillary for His 'Team of Rivals' | 11/20/2008 | See Source »

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