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...President Obama's limited spending freeze won't in itself do much to address that disconnect, Elmendorf suggests. The CBO director projects that even if such a spending cap were to extend to all discretionary government outlays (Obama would exempt national security), it would save only $10 billion in the next fiscal year, less than 1% of the budget. Nor is it likely that Congress will make much of a dent in the problem, at least not in the short term. (See 10 players in health care reform...

Author: /time Magazine | Title: Douglas Elmendorf: The Numbers Man Whom D.C. Trusts — and Loathes | 2/3/2010 | See Source »

...damage on the perimeter came from two unlikely sources. For the first time since November, sophomore guard Oliver McNally hit multiple treys. McNally hit his first three midway through the opening half to extend a four point lead to seven, and minutes later knocked down another to bring the lead...

Author: By Timothy J. Walsh, CRIMSON STAFF WRITER | Title: NOTEBOOK: Harvard Shooters Find Outside Touch | 2/1/2010 | See Source »

...heart of that effort. While companies have always had the right to sue employees for ill-gotten gains, more firms are adding provisions to reclaim pay not just for illegal behavior, but poor decisions. And they are expanding those provisions to more employees. A few months ago, Morgan Stanley extended its clawbacks to trades that end up being losers. Bank of America is planning to extend its clawback provision to its top executives. And Goldman Sachs recently said bonuses for its top executives will be paid in restricted stock, making it easier to recoup pay down the road. (See pictures...

Author: /time Magazine | Title: Can Financial Firms Get Executives to Give Back Pay? | 1/27/2010 | See Source »

This new dialogue could take a number of different forms. One viable solution would be for all Harvard Chaplains to regularly extend invitations to students to ask questions about faith in general. Alternatively, student groups, in the spirit of this semester’s IOP event, could send a representative to a general religious caucus. These meetings would expand the dialogue among religious groups and provide a space in which students could find out more about this fundemental element of human experience...

Author: By Gregory A. Dibella | Title: A Religious Awakening | 1/27/2010 | See Source »

...Joseph Ratzinger - now known as Pope Benedict XVI - to investigate the implications for the church of having a living "Pope Emeritus" while his successor tried to establish his reign. The vexed question of papal resignation has become increasingly important as a result of modern medicine's ability to potentially extend a Pontiff's life long past his ability to effectively run a 1 billion-strong global church. (See pictures of spiritual healing around the world...

Author: /time Magazine | Title: Book: John Paul II Whipped Himself, Weighed Retiring | 1/27/2010 | See Source »

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