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The best explanation for the good times is liquidity. Thanks to global integration and financial innovation, higher short-term interest rates have not translated into monetary tightening. On the contrary, the world economy has been swimming in credit of every conceivable kind. Money-supply figures for the U.S. understate the...

Author: /time Magazine | Title: The Next Meltdown | 1/5/2007 | See Source »

You're characterizing each student by reason of the color of his or her skin," chided Justice Anthony Kennedy, during the Supreme Court arguments last week over the legality of school-integration plans in Louisville, Ky., and Seattle. "And it seems to me that that should only be, if ever...

Author: /time Magazine | Title: Can We Improve on Affirmative Action? | 12/10/2006 | See Source »

Fudge it. Congressman John Lewis of Georgia, a hero of the civil rights movement, is heartsick over the prospect that the Supreme Court might end the forcible imposition of integration in the society. But Lewis is a sunny soul, and he told me, "Society has come so far, and we...

Author: /time Magazine | Title: Can We Improve on Affirmative Action? | 12/10/2006 | See Source »

Fat has entered the classroom with the growth of a new academic discipline that gives new meaning to the phrase “heavy reading.” Going beyond the standard medical and biological views of weight and obesity, “fat studies” examines the political...

Author: By Jamison A. Hill, CONTRIBUTING WRITER | Title: Fat Studies Cram Into Classrooms | 12/6/2006 | See Source »

Souter was equally troubled by exhortations from Gordon and the Solicitor General that school districts should seek "race-neutral" alternatives. "At the end of the day, the object is... the achievement of racial mixture," Souter said. "Why do they have to hide the ball?" Candor, he suggested, is better than...

Author: /time Magazine | Title: An End to Racial Balancing? | 12/4/2006 | See Source »

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