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...exception, though, is Uncle Sam. Even before the financial crisis forced the government's hand, the U.S. had again become addicted to deficit spending - relying on the kindness of strangers (in this case, mainly Chinese and Japanese central bankers) to finance its spendthrift ways. In September the Congressional Budget Office's baseline deficit forecast for 2008 was $407 billion. Now, with the Treasury's massive intervention in support of banks and financial markets ($700 billion at a minimum) and with a second economic-stimulus package a political certainty, the government deficit could soar next year to $1 trillion...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

...shed a little light—and poke a little fun—at these literary societies’ insistence on secrecy. But behind the obscurity, Fugitive Poetics was just trying to keep their group small and confidential in the interest of their art. ADPhi, on the other hand, was hiding only a national fraternity behind a wall that even a potential member couldn’t penetrate...

Author: By Rebecca A. Cooper and Charleton A. Lamb, CRIMSON STAFF WRITERSS | Title: Mission Impossible: Elusive Literati | 10/22/2008 | See Source »

...admissions tour guide Erica V. Eastspring ’11 explaining to a crowd of feisty, prep-school seniors why she love, loves Harvard so, so much. “To be quite frank,” she shouted, striking up an inappropriately academic tone for the setting at hand, “I absolutely adore Harvard’s quaint, collegiate, neo-Georgian architecture and its professorial staff. But an institution is built from its student body and it is the stellar intellectual manpower our students which I love.” The corner of my eye spied...

Author: By Charles J. Wells, CRIMSON STAFF WRITER | Title: The Beauty of Bilingual English | 10/22/2008 | See Source »

...have consequences later that day. Or they will wake up to regret grabbing the microphone from the singer in the rented band and regaling the room with a medley of Oh Danny Boy and When Irish Eyes Are Smiling. And, oh, the lampshade on the head, and, ah, the hand on the backside of a stranger. Why? And what...

Author: /time Magazine | Title: Body Slam — Jesse Ventura | 10/22/2008 | See Source »

...returned to Minnesota and spent a year at North Hennepin Community College. In 1975, the same year he met and married his wife, he went back to California to try his hand at professional wrestling. That was where Jesse Ventura was born. He'd always wanted to be named Jesse, and Ventura was the name of a California city. Presto. Showtime...

Author: /time Magazine | Title: Body Slam — Jesse Ventura | 10/22/2008 | See Source »

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