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...world's cracked economy. The Conference Board's index of leading economic indicators, which includes measures such as stock prices, the money supply and new orders by manufacturers, just posted its first gain in seven months. Consumer confidence increased in May and is now at its highest level in eight months. According to a survey by the National Association for Business Economics, over 90% of economists are predicting that the recession will end by December. (See TIME's recession photo-essay "Stores That Are No More...
Many environmentalists - who spent the eight years of the Bush Administration in the cold - would agree. Obama announced tough new national standards for automobile emissions and fuel efficiency that essentially settled a long-running battle between environmentalists and the car industry in favor of the greens. Under the proposed rules, which would begin to take effect in 2012, new cars and trucks will need to have an average fuel efficiency of 35.5 m.p.g. (6.6 L/100 km) by 2016 - almost 40% cleaner than they are today. The regulations would be the first national limit on U.S. greenhouse-gas emissions and could...
Michael Grunwald's analysis of the sorry state of the Republican Party is the best of many I have read. But he assigns insufficient blame to the figurehead of the party for eight years, Bush, whose faith-based leadership alienated many who believe in secular government. His obstinacy in the face of evolving public opinion in favor of stem-cell research, equality for same-sex couples and women's reproductive rights underscored his failure to feel the pulse of modern America. Most of all, his my-way-or-the-highway foreign policy made the U.S. a global pariah. Bill Gottdenker...
...that the Harvard players began walking sullenly into their locker room after some of their sloppiest play of the season. Princeton was up, 34-15, at halftime, cushioned not only by its convincing lead but by the disheartened faces of the home team and its fans. In the first eight minutes of play, the Crimson had put just two points on the board. Meanwhile, the Tigers were slashing to the basket and comfortable from beyond the arc.“It may have been the worst half of basketball in my 27 years,” Harvard coach Kathy Delaney...
...women’s tennis team had nowhere to go but up. And this season, the Crimson (13-8, 6-1 Ivy) surely flew high, soaring to a share of the Ivy League Championship.Harvard struggled throughout the preseason last year, going 0-12 before the start of the Ancient Eight fixture. Other than a weekend sweep of Columbia and Cornell, the Crimson was unable to find its rhythm against league foes. Led by then-first-year coach Traci Green, the team fell victim to injuries, inconsistency in doubles, and struggles at the bottom of the singles lineup.Just one season later...