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...consumers in many countries ramped up their household borrowing in the past few years - usually because rising house prices made them feel richer. For policymakers, the critical issue is the speed with which the inevitable weaning off of credit now takes place. If the "deleveraging" is quick, it will mean the European economy will be much better placed to rebound on a healthier footing. But curtailing credit would hurt consumers who are deep in debt, and would have serious consequences for retailers and others dependent on household spending for their livelihoods. If the deleveraging is slow, the economy could remain...

Author: /time Magazine | Title: The Economy's Perilous Waters | 10/15/2008 | See Source »

...cross above the street and enter the school.Still, he says it is not the month of campaigning that counts.“90 percent of the campaign is not the campaign,” he said. Rather, how you treat people all along makes the difference.Does this mean he plans to go into politics someday? Not necessarily.“For me at least, there are better ways to change the world,” Zisiadis said.—Staff writer Chelsea L. Shover can be reached at clshover@fas.harvard.edu...

Author: By Chelsea L. Shover, CRIMSON STAFF WRITER | Title: Front Man of ‘Frontrunners’ | 10/15/2008 | See Source »

...Harris discussed the progression of his art over what he called a “remarkable 20-year journey.” During this journey, his art was at times an interpretation of his life as a gay African-American man, Harris said. “What does it mean somehow to... use art as a way to negotiate, to restructure the structure,” Harris said. The lecture featured a slide show of Harris’ past works, including early self-portraits, collages, and numerous photographs commissioned by the New York Times. He also played a clip...

Author: By Emily J. Hogan, CONTRIBUTING WRITER | Title: A Journey, In Photographs | 10/15/2008 | See Source »

...study of classical languages. Yet the very word itself—in Latin, universitas—suggests, even if it did not originally imply, a certain universality, an ability to understand, analyze, and evaluate all ideas, whether Western or not. Just because the Greeks invented philosophy does not mean that no other culture can learn from its insights.Characterized by narrow-minded disciplines and an uncritical fixation on contemporary issues, the current state of liberal learning at Harvard would do well to expand its horizons and require a regimen for all undergraduates in Greek and Latin.Christopher B. Lacaria...

Author: By Christopher B. Lacaria | Title: Et Tu, Brute? | 10/15/2008 | See Source »

...Wyoming house has been inviting Soviet apparatchiks over to parties when I’m away.) At any rate, I found a few leftover exploding cigars—might be time to have a little reunion at the Capital Grille…Show ‘em what treason means.” [Laughs with quiet menace.] “You mean the ones for Castro? We’re talking about our biggest fans, the cheerleaders who stayed bubbly when 70 percent of Americans wanted our heads. We’re not talking about Castro...

Author: By James M. Larkin | Title: From Republican Headquarters | 10/15/2008 | See Source »

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