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Just as our two-sided national character has always toggled back and forth between its steady and skylarking aspects, so does our national history run in cycles, as writers have noted almost from the beginning. And so once more we are making the periodic shift from an unfettered zeal for individual getting and spending to a rediscovery of the common good, from "the business of America is business" seeming inarguably true to sounding narrow, callous, a little crazy...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...failed.) Power is a combination of factors - military, diplomatic, economic, moral - that give a country the ability to make its way in the world. Gelb believes that most recent Presidents have used power foolishly, squandering it - which is something Barack Obama should bear in mind as he goes forth to meet with the world's leaders in Europe the first week in April. The new President has shown a predilection for diplomacy, a subtle strategic sense of the world. But sometimes you have to throw your weight around - quietly, but firmly - and Gelb has raised an essential question: Will Obama...

Author: /time Magazine | Title: Obama on the World Stage: What Power Means | 3/26/2009 | See Source »

...Chase account, Madoff said in court in mid-March, was used to shuttle money back and forth between his U.S. and London operations, to make it appear he was executing trades in European markets, as he told federal regulators. Madoff made no trades at all with his Chase account, but rather just collected investor monies, wrote checks to investors, and took money for himself. In court, Madoff pleaded guilty to 11 counts of fraud, from wire transfer to money-laundering...

Author: /time Magazine | Title: Madoff's Banker: Where Was JPMorgan Chase? | 3/25/2009 | See Source »

That idea is similar to one put forth in a recently published book of economic-policy proposals written by professors at New York University's Stern School of Business. Under their system, a company that wanted to have its debt rated would pay a fee to a government-run centralized clearing platform, which would then pick a ratings firm. Firms, again, would be evaluated on the accuracy of their ratings over time. "It breaks the conflict of interest," says Matthew Richardson, a professor of applied financial economics at Stern...

Author: /time Magazine | Title: How to Fix the Credit-Ratings Agencies | 3/23/2009 | See Source »

...gleaning in rural communities, on the streets, and in the art world. The film demonstrates Varda’s command behind the camera and the trust she quickly gains with her subjects. Her capturing is not passive. She challenges those she films and attacks their inconsistencies. She brings forth passion and vulnerability.At a lunch conference with students at the Graduate School of Design, Varda was asked to give advice for budding filmmakers. Like her films, which serve to question rather than provide answers, Varda responded: “No advice. No message. No certainty. No explanation. No message. I wouldn?...

Author: By Mia P. Walker, CRIMSON STAFF WRITER | Title: Varda Brings Life to Oeuvres | 3/20/2009 | See Source »

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