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...proceed with a trial period allowing domestic financial institutions to experiment with short selling and margin trades (using borrowed money to invest). The decision came, ironically enough, after the U.S. Securities and Exchange commission had for a time banned short selling of a variety of financial stocks - a controversial move that critics believe was a simple case of finding a scapegoat in the midst of market chaos. "It was a little signal that Beijing has a plan - a slow, methodical plan to reform their markets - and they are sticking to it," says a U.S. Treasury official...

Author: /time Magazine | Title: China Stays Its Capitalist Course | 10/28/2008 | See Source »

...central privilege people will have to give up is the culture of unlimited consumer choice. This doesn’t mean that everyone have to move to hemp farms and clothe children in newspaper diapers. It does, however, mean that people may not be able to eat beef at every meal. It may mean a flight between New York and Los Angeles will become a once-a-decade expense rather than a once-a-week one. It may mean more shopping at the secondhand store. At the heart of this is an epistemological reconfiguring of the current pyramid of economic...

Author: By Garrett G.D. Nelson | Title: Nothing’s Easy | 10/27/2008 | See Source »

...John McCain at a ratio of roughly 20 to 1. Few at the College would be surprised by this figure. The words “liberal” and “faculty” seem to have been conjoined at the College for generations.But now, as the election moves into its final days, McCain supporters on the faculty are vocal in their demands for more political diversity in their departments, bemoaning a kind of underclass of conservative faculty. Some have even called on University President Drew G. Faust to institute an affirmative action policy in hiring decisions that would...

Author: By Nini S. Moorhead, CRIMSON STAFF WRITER | Title: Professors for McCain | 10/27/2008 | See Source »

...board of county supervisors took the controversial step of checking the immigration status of every person arrested, irrespective of guilt or the degree of crime, from jaywalking to felonies. If a detainee is found to be illegal, the county immediately initiates deportation procedures with Immigration and Customs Enforcement. The move, by the largely conservative Republican board, drew national attention and placed the local party at odds with its presidential nominee, who helped write the failed 2006 immigration bill that would have granted a path to citizenship for illegal aliens. "McCain's at risk here because people are concerned that...

Author: /time Magazine | Title: Why the New Virginia Is Leaning Toward Obama | 10/27/2008 | See Source »

...register blacks, who make up 20% of the population, as well as Latinos and students at the four colleges in the district. Obama will need these voters to eke out a win in Prince William. And if he does that, the state's 13 electoral votes will probably move into the Democrats' column...

Author: /time Magazine | Title: Why the New Virginia Is Leaning Toward Obama | 10/27/2008 | See Source »

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