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...overcrowded ballroom at the San Francisco Hilton. Hundreds of fellow Ph.D.s in Dockers, blue dress shirts and thick glasses fill the seats and line the walls. They've come to hear several economists offer their unique perspectives amid one of the worst financial crises in history, and Orazem, an Iowa State University economics professor, starts off discussing a government plan to combine health care and homeland security. "Now, instead of sending you to the doctor, they send you through airport security," he says. "On my way out here, it was established that my shoes had no plastic explosives...

Author: /time Magazine | Title: Didja Hear the One About the Funny Economist? | 1/15/2009 | See Source »

...campaign, Obama, like Bush, exercised tight message control, limited press availability and disregarded old-media courtship rituals. Incoming press secretary Robert Gibbs pointedly told the New York Times Magazine that Obama never sat down with the Washington Post editorial board. "You could go to Cedar Rapids and Waterloo [Iowa] and understand that people aren't reading the Washington Post...

Author: /time Magazine | Title: In the Obama Era, Will the Media Change Too? | 1/15/2009 | See Source »

...find it a relief to return to his city roots. He did a decent job of fitting in at local diners and Tastee Freezes. But every so often, the city boy would break loose. One November evening in 2007, Obama stood in a school gym in Grundy Center, Iowa (pop. 2,596), while a woman explained that she didn't think he could protect the country as well as a Republican. "Don't think that I care any less than Rudy Giuliani or Mitt Romney about making sure that my daughters don't get blown up," Obama told...

Author: /time Magazine | Title: Obama's Other Breakthrough: A Big-City President | 1/13/2009 | See Source »

...possible we've reached a moment of creative commiseration. A friend in Iowa was invited to a poverty party--"because why should a worldwide recession spoil all our fun!" the invitation said. Guests were told to bring "a dish to share, a (cheap) bottle of wine, a hard-luck story and a devil-may-care attitude." We share casserole experiments: food itself becomes communal, everything in the fridge pitching in. You learn a lot about your neighbors when you carpool, and save...

Author: /time Magazine | Title: The Recession's Big Test | 1/8/2009 | See Source »

Shortly before Christmas, a friend of mine, Veronica Fowler of Ames, Iowa, decided to throw a last-minute bash - not a holiday party but a "poverty" party. About 30 people showed up, dutifully following the invitation?s instructions to bring a "dish to share, a [cheap] bottle of wine, a hard-luck story and a devil-may-care attitude." Fowler, 46, a freelance writer and editor whose guests were mainly fellow media types and academics in their 40s and 50s, says, "It was fun to spit in the eye of impending doom. All of this tension is a lot more...

Author: /time Magazine | Title: Hard Times: From Wall Street to Elm Street | 1/7/2009 | See Source »

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