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...positive and look for opportunities even in the difficult economic climate of Harvard today.” Stephen Pinker, Johnstone Family Professor in the Department of Psychology: “Resolutions and commitments of one’s own future behavior are a bit like one person coercing another, except that in this case the present self is trying to coerce the future self. Since Ulysses had his sailors tie him to the mast so he could hear the sirens’ song without steering the ship onto the rocks, people acting in the present have restricted or coerced their...

Author: By Joseph P. Shivers, CRIMSON STAFF WRITER | Title: Ringing in the New Year: Professorial Style | 1/15/2009 | See Source »

...face it: fiscal stimulus is a frustratingly inexact science. Nobody knows precisely what it will do in the short term, and in the long term, it isn't that different from any other government spending, except that the point of the spending can be the spending itself. As always, there will be winners and losers; it's impossible to stimulate everyone equally. In two years, if the recession is over, skeptics will claim it would have ended regardless of the stimulus. If it lingers, proponents will credit the stimulus for preventing a drearier outcome. As with the first round...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

...about the similarities that they consulted a libel lawyer. In Obedience, Struggle and Revolt, a 2005 collection of his lectures, Hare recalls the lawyer's response: "Your play portrays a megalomaniac psychopath who drags his newspapers downmarket, who has no concern for editorial standards, who has no sexual pleasure except in the public humiliation and violent dismissal of his staff. If Rupert Murdoch really wants to step forward and identify himself as the hero of the play, then my advice would...

Author: /time Magazine | Title: David Hare: Truth to Power | 1/14/2009 | See Source »

...Everything went perfectly. Everything, except for one detail: the matter of President Bill Clinton's charitable endeavors, including the William J. Clinton Foundation and the Clinton Global Initiative, and the danger that they might taint Hillary Clinton's role as Secretary of State. The foundation, according to its public disclosure documents, aims to promote "the values of fairness and opportunity for all" as well as "health security, economic empowerment, leadership development, citizen service, and racial, ethnic and religious reconciliation." Clinton described her husband's Global Initiative, part of his foundation, as a "pass-through" that funnels money from wealthy donors...

Author: /time Magazine | Title: A Blip in Hillary Clinton's Senate Lovefest: Bill's Donations | 1/14/2009 | See Source »

...good time is usually had by all - except when the global financial markets are sending out warnings of extreme stress to come. By August 2007, the storm known as the subprime crisis had been gathering for much of the year, and inside the Fed, Timothy F. Geithner, president of the New York Federal Reserve Bank and a vice chairman of the Federal Open Market Committee (which sets interest-rate policy), had quietly been raising red flags among his colleagues. Earlier that month, the European Central Bank had startled traders by pumping close to 100 billion euros into the short-term...

Author: /time Magazine | Title: Can Tim Geithner Lead the Economy Out of Its Mess? | 1/14/2009 | See Source »

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