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TIME'S JYOTI THOTTAM asked our Board of Economists to sort it out. The panel includes Lakshman Achuthan, managing director of the Economic Cycle Research Institute; Gary Burtless, senior fellow at the Brookings Institution; Veronique de Rugy, fiscal-policy analyst at Cato Institute; Edward McKelvey, senior economist at Goldman Sachs; and David Wyss, chief economist at Standard & Poor...

Author: /time Magazine | Title: Is Our Deficit Too Big? | 10/13/2003 | See Source »

...EDWARD MCKELVEY: We'll see different effects. Right now we're seeing the effects of the tax cuts in the strength of consumer spending and maybe even some of the business spending. But as time progresses, if we continue to have the sort of deficit that we anticipate, hovering in the neighborhood of 4% of GDP over the next decade, then the effects will turn negative. They will come through in interest rates that are higher than they otherwise would be, and therefore growth will probably be less than it would otherwise...

Author: /time Magazine | Title: Is Our Deficit Too Big? | 10/13/2003 | See Source »

...history. The present clubhouse was built between 1790 and 1813, but the 142-hectare estate is even older - previous occupants have included Queen Elizabeth I and King Charles I, who was kept prisoner there by the Scots in 1647. It was Stoke Park that moved 17th century politician Sir Edward Coke to utter that famous line: "An Englishman's home is his castle." For a few hours, it can be your castle...

Author: /time Magazine | Title: The Best Airport Lounge | 10/12/2003 | See Source »

...tough to prove and or tricky to defend. In cases like this, many defense attorneys resort to attacking the alleged rape victim’s credibility and blaming her promiscuity for the incident. In another high profile rape case in 1991, William Kennedy Smith, a nephew of Senator Edward M. Kennedy, was charged with raping Patricia Bowman at the Kennedy estate in Florida. His defense team hired private investigators to look into Bowman’s background and obtain her medical records. The defense lawyers explained to the media that they wanted the files because they suspected that Bowman...

Author: By Lia C. Larson, | Title: Foul Play in the Court | 10/10/2003 | See Source »

...exhibit opened Sept. 30 in the Edward Shelton Exhibition Room of the Harvard Theatre Collection in Pusey and includes 60 items of ballet and Italian opera paraphernalia, with works dating back to 1723. The exhibition is being presented in collaboration with a newly-published catalogue of items available in the King’s Theatre Collection. Order forms for the catalogue are available in the Harvard Theatre Collection in Pusey Library...

Author: By Crimson Staff, | Title: Visual Preview | 10/10/2003 | See Source »

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