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...rush of SWF money into Western markets is making bankers a lot happier than it is governments and politicians. At a G-7 meeting of finance ministers held in Washington in October, SWFs were a major topic of discussion, partly owing to concern about their potential impact on markets. SWF "investment policies, minor comments or rumors could spark volatility," said Clay Lowery, assistant secretary for international affairs at the U.S. Treasury Department, in a speech last summer. "It is hard to dismiss entirely the possibility of unseen, imprudent risk management with broader consequences." Even presidential candidate Hillary Clinton weighed...

Author: /time Magazine | Title: Governments Get a SWF Financial Kick | 12/20/2007 | See Source »

...Bruni on its front page, which is typically reserved for dry political news, under the headline: "The president's girlfriend." Bruni's photo appeared next to an article predicting a tough week ahead for Sarkozy's reform program, over which trade unions are planning mass strikes. The President's happier news lay tucked inside the "France Politique" section, where one half-page showed three more images of Bruni, 39, including one of her without trousers, her flawless bare legs crossed on a couch next to her acoustic guitar. Although the Elysée Palace has refused to comment...

Author: /time Magazine | Title: Sarkozy and the Supermodel | 12/17/2007 | See Source »

...faculty member who is hired has a tenured position waiting for them if they meet the requirements,” she said. Despite the results of the study, some junior faculty members said they are pleased with their Harvard experience. “I couldn’t be happier here at Harvard,” said assistant professor in government Eric Beerbohm in an e-mailed statement. “The students are superlative, and my colleagues have been unflaggingly supportive.” In its end-of-year report for 2007, Harvard’s Office...

Author: By Marina S. Magloire, CONTRIBUTING WRITER | Title: Jr. Faculty Happiness at Harvard Trails Peers | 12/10/2007 | See Source »

...intends to run a university that educates engaged student-citizens, making students feel good about themselves is no way to do it. Just look at the Class of 1967’s letter-writers; nothing would make that brash baker’s dozen happier than if we were all as pissed off as they are. The United States is occupying Iraq! Civilians are being killed! Iran is next! The NSA is listening! Our rights are being jeopardized! And you’re appointing a Task Force on the Arts...

Author: By Adam Goldenberg | Title: I’m General Apathy | 12/6/2007 | See Source »

...happier than I am about the latest development in stem-cell research. Scientists in Japan and Wisconsin have independently figured out how to turn ordinary human skin cells into something like pluripotent stem cells. These are the cells that have caused so much excitement in recent years because they are like a biological gift certificate that can be turned into other kinds of cells as needed. These cells have also produced much controversy because they are derived from human embryos. I have the disease - Parkinson's - for which stem cells hold the most immediate promise. The hope is that they...

Author: /time Magazine | Title: Why Science Can't Save the GOP | 11/28/2007 | See Source »

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