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What role does the Federal Reserve have in our current economic downturn? -Brad Thomas, Kalamazoo, Mich. The Federal Reserve is the key element in the formation and collapse of financial bubbles. They're a government unto themselves. They print their own money. So if people have any concern whatsoever about the serious financial problems that we have, they have to know about what the Federal Reserve is doing...

Author: /time Magazine | Title: 10 Questions for Ron Paul | 9/28/2009 | See Source »

...many ways, his key insight was not historical but psychological: each side projects its own worst attributes onto the other, demonizing the enemy as an exaggerated and negative version of itself. We see some of that in our culture today. It's been a long and fraught summer in the political realm, and the hope for bipartisan harmony now seems like a naive fantasy. Each side, to quote Hofstadter, claims that what is at stake is "always a conflict about absolute good and absolute evil...

Author: /time Magazine | Title: All the Rage | 9/28/2009 | See Source »

Kirwan said that just as she has tried to make key investments at the state level in public education and healthcare in the face of gaping shortfalls, she hopes to confront the FAS’ remaining $110 million deficit as a challenge that requires her to both balance the budget and make “targeted investments...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Hires State Finance Official | 9/28/2009 | See Source »

Kirwan’s appointment comes after Smith announced in July that FAS Dean for Administration and Finance Brett C. Sweet would depart for Vanderbilt after less than a year at Harvard. With the key financial decision-maker slated to leave, Smith immediately began a national search for a permanent replacement. Smith said the search involved “a lot of candidates,” and declined to further elaborate on the process...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Hires State Finance Official | 9/28/2009 | See Source »

...governments when confronted by the outside world. Iraq's 1980 invasion of Iran helped a young revolution already running out of steam consolidate its hold on power and survive eight years of the Middle East's deadliest modern conflict. Tehran's quest for nuclear energy, widely embraced as a key to development in the 21st century, has also long been a potent unifier of Iran's disparate political factions. Persian national pride has been a powerful force for millennia...

Author: /time Magazine | Title: Power to Chaos — Tracking Iran's Four-Month Slide | 9/28/2009 | See Source »

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