Word: jacksons
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...Obama puffery"--although it might have been better to use a photo on the back cover different from one of Ifill looking adoringly at Obama during an interview. Ifill has interviewed virtually every African-American politician of note, tracking a generational shift away from leaders like Jesse Jackson who were schooled in the civil rights movement toward Ivy Leaguers like Massachusetts Governor Deval Patrick. And while scoundrels like Detroit's disgraced former mayor Kwame Kilpatrick are almost absent, there's much here to justify her assertion that "the bench is deep" with rising political stars--and her role as their...
...might have to go back to 1829. The outgoing President, John Quincy Adams, was the son of another President. He had won office in a way his opponents considered corrupt: the 1824 election had been thrown to the House of Representatives, which picked him. The new President, Andrew Jackson, was his era's version of change. Unlike his predecessors, he was not from the founding generation, not related to a founder, not a member of the Virginia dynasty. He embodied the Western future of the country, just as Obama does our multiracial future. An unprecedented number of Americans trekked...
...impressive, albeit short-term results, some critics in higher education are concerned that cash incentives will encourage students to start taking easier courses to ensure they'll do well enough to pocket the money. "Everyone knows what the gut classes are when you're in college," notes Kirabo Jackson, an assistant professor of labor economics at Cornell who has studied cash incentives for high school students. "By rewarding people for a GPA, you're actually giving them an impetus to take an easier route through college." Other critics note that students' internal drive to learn may be sapped as they...
Every year at the end of August, the high priests of the U.S. financial system - the board of governors and staff of the Federal Reserve - gather at a remote resort high in the mountains near Jackson Hole, Wyo., and there, amid the Tetons, listen to lectures by invited economists on a variety of topics, hoping the fresh air and proximity to genuine cowboy bars might lead to clear thinking and sound economic policy...
...term-credit markets - an unexpectedly massive intervention. It was as if the global financial system had had an angina attack, a brief, unexpectedly painful episode that signaled what a few senior Fed officials were beginning to fear: a full-blown economic heart attack might well be coming. During the Jackson Hole meetings, Geithner pressed the view that Fed policy was behind the curve; the problem in the credit markets was big and likely to get worse, and the Fed needed to get out in front of it, to err on the side of being aggressive...