Word: haven
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When I was young, my family would spend the summer in Long Beach Island (LBI), a half-mile-wide tourist haven in Ocean County, New Jersey. My memories of LBI are of miniature golf, of chocolate chip cookie dough ice cream cones, and of long walks along the sand with my parents. Consider this along with—though my Irish name does its best to obfuscate it—my Sicilian heritage, and I’m perhaps as entitled as anyone to be offended by MTV’s “Jersey Shore...
...small portion of that money goes after something - say, mortgages - it can quickly cause a bubble and a crisis. So all this good work we have done in the past few years to make our capital markets more efficient and open has also made them very hazardous, and we haven't done anything yet to address that problem. (See pictures of TIME's Wall Street covers...
...haven't heard about Race to the Top, shame on the Obama Administration. It was one of the most creative pieces of last year's $787 billion stimulus package. It established a $4.35 billion fund that Education Secretary Arne Duncan could distribute to states on the basis of their willingness to reform their schools. Duncan's definition of reform - a common one these days - demanded more school choice and competition as well as an emphasis on teacher evaluation and accountability. "Duncan really nailed this," says New York City Deputy Mayor Kevin Sheekey. "You can use federal funds to drive...
...Republicans say they haven't seen any downside yet to opposing reform. Brown actually stepped into Obama's populist trap by opposing the bank tax, and it didn't seem to help his opponent, Martha Coakley, even though internal polling gave her a 21-point advantage when it came to "taking on Wall Street." Why? "People thought Democrats in Washington would not deliver on these issues," says her pollster, Celinda Lake...
...that hasn't stopped his industry from spending millions of dollars to kill it. What's interesting is that now, for the first time, the lobbyist thinks reform is going to stall. "I'm not sure I see the path anymore," he says. (See 10 things that have and haven't changed during Obama's first year...