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...system in the 1930s. To stop the institutional run on money markets, Paulson announced on Sept. 19 an insurance fund for them that would be backed up by funds usually reserved for currency stabilization. The AIG and Merrill Lynch interventions were attempts to dissolve failing companies in an orderly fashion without panic, as was the Wachovia bailout. The opening of the discount window to investment banks was the first effort to provide access to a lender of last resort. As for regulation, that will have to be something the Fed, Treasury, SEC and Congress tackle after the crisis crests...

Author: /time Magazine | Title: Are Paulson and Bernanke Running Out of Options? | 10/8/2008 | See Source »

...society of free spirits, where fashion is a legitimate and oft-used mode of expression, the idea of a school—nevertheless a public school—mandating that students wear uniforms may at first appear ludicrous. Yet that’s precisely what Hartford, Conn. has required of its public school students. While the imposition of uniforms on public school students is often viewed as a limitation on the freedom of expression and the creativity of our nation’s youth, uniforms are in fact intended to help struggling schools and students foster a sense of academic...

Author: By The Crimson Staff | Title: Uniformly Effective | 10/7/2008 | See Source »

...menswear expert, but I keep a close eye on fashion trends, so I know when news percolates in any sector of the business. And I've heard the recent rumblings about new talent in the American menswear market. As our cover model, Tom Ford, points out, there hasn't been a designer or a company that addresses the whole lifestyle of American men since Giorgio Armani and Ralph Lauren (unless, of course, you count the recent developments of the renowned Zegna family). Well, now there's not only Ford but also a raft of new American menswear designers breaking through?...

Author: /time Magazine | Title: Meet the Experts | 10/6/2008 | See Source »

...various wards form mock governments. The self-proclaimed “King of the Third Ward,” played by Gael Garcia Bernal, claims that he will only distribute food in exchange for women. In ridiculously cheesy “I am Spartacus!” fashion, the women of the ward all decide to prostitute themselves to save themselves from starvation. As a bright and jolly tune plays while the blind sex-fest occurs, the audience is struck more by the hilarity of the situation than the actual tragedy. Lines like “May I suck...

Author: By Andres A. Arguello, CRIMSON STAFF WRITER | Title: Blindness | 10/3/2008 | See Source »

...destroyed!” and “We are gonna abolish July Fourth!”).The plot? Michael Malone decides to abolish the Fourth of July, but before he can do so, three ghosts (George Washington, General Patton, and JFK) appear to him in Dickens-like fashion to “Teach him the true meaning of patriotism.”It seems clear that this film was created for a conservative audience, or if nothing else, a xenophobic, interventionalist, sexist, and racist one.With this conservative comedy in mind, I started thinking about the “liberal?...

Author: By Andrew F. Nunnelly, CRIMSON STAFF WRITER | Title: Conservative Comedy: When the GOP Gets Laughs | 10/3/2008 | See Source »

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