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...could have mitigated the crisis by cutting rates, making loans and buying bonds (so-called open-market operations). Instead, it made a bad situation worse by reducing its credit to the banking system. This forced more and more banks to sell assets in a frantic dash for liquidity, driving down bond prices and making balance sheets look even worse. The next wave of bank failures, between February and August 1931, saw commercial-bank deposits fall by $2.7 billion - 9% of the total. By January 1932, 1,860 banks had failed...

Author: /time Magazine | Title: The End of Prosperity? | 10/2/2008 | See Source »

...inconspicuous, however, can seem impossible at Harvard, which is why it is essential to master the inevitable “walk of shame” (“stride of pride”?). Limiting your hook-ups to other freshmen makes this experience slightly less cringe-worthy, since the dash home stays within the comforting confines of the Yard. One technique to remain slightly more inconspicuous is to always travel with a long coat to hide everything—or nothing—underneath. Another, albeit riskier, tactic is to embrace your state of post-romp dishevelment and say with...

Author: By Julia M. Spiro, CRIMSON STAFF WRITER | Title: How to Keep Cool as Things Get Hot | 9/24/2008 | See Source »

...Hollywood seems to think it has a surefire recipe with “Righteous Kill.” Take two aging but legendary actors of ye olde gangster cinema, mix in rappers, guns, and badges, add a healthy portion of serial-killer storyline, and top it off with a dash of cheap twist ending. But if I really wanted to draw out this clichéd food metaphor, this Al Pacino/Robert De Niro tag-team event would have to be more of a reheated meatloaf than a zesty fettucine alfredo. De Niro and Pacino, two of the most esteemed living...

Author: By Alec E Jones, CRIMSON STAFF WRITER | Title: Righteous Kill | 9/19/2008 | See Source »

...front war. Rather, it has to do with what was showcased so brilliantly in St. Paul: her pitbull brand of politics. In particular, the content of the RNC speech—along with her pitch-perfect delivery—was dominated by a combination of massive oversimplification and a dash of jingoism on the side, peppered with arguments that appeal to visceral reactions at the expense of a nuanced stance on the most important issues facing Americans. This is nothing new. Though simple, this recipe has proven highly seductive—indeed, it has served to make the recent Republican...

Author: By Audrey J Kim | Title: A Pitbull by Any Other Name | 9/16/2008 | See Source »

...female Olympic sports only as recently as 2000. (In the first modern Olympics in 1896, women were excluded altogether.) But today, with Title IX - the education amendment that allocates funds equally between genders - an entrenched part of American schools, and even Afghan and Omani women competing in the 100m dash, does it make sense to keep a pair of women-only sports in the Olympics...

Author: /time Magazine | Title: It's Time to Kick Out Some Olympic Sports | 8/21/2008 | See Source »

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