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...year ago, officials at the Treasury Department and the Federal Reserve didn't think letting Lehman go bankrupt would be a disaster. Those same officials have since argued that the law gave them no choice. But it's also clear that the authorities--then Treasury Secretary Hank Paulson, in particular--didn't want to intervene. The Fed and Treasury had taken a lot of flak for their earlier bailouts of Bear Stearns, Fannie Mae and Freddie Mac. It was time to let the market work...
...goals of the Dowling Report.”The report also recommended that the student-faculty committees be given decision-making power. Decisions could be vetoed by the committee chair, who in turn could be overruled by a two-thirds vote.Hammonds and Smith disagreed with this particular suggestion. Smith wrote in a letter to Dowling Committee chair Professor John E. Dowling in May, “I would like to clarify...that the role of committees is to provide recommendations to the deans, who then make decisions with the benefit of those recommendations.”Some students were unsatisfied...
...Generosity” follows the lives of an unusually jubilant Algerian refugee, Thassa Amzwar, and her creative nonfiction instructor, Russell Stone, as they and the rest of America respond to Kurton’s announcement. The scientist’s latest initiative has discovered a convincing correlation between a particular set of genes and emotional temperament: for all intents and purposes, a ‘happiness gene.’ After it is confirmed that Thassa suffers from this genetic predisposition to happiness, she becomes an overnight Internet celebrity. The book charts Thassa’s rise through the blogosphere...
...balance,” he says, referring to an equal presentation of two contrasting sides of an argument. “I think balance is used to pigeonhole stuff; I think it’s about understanding.” But this thoughtfulness does not have to promote a particular agenda.“For me, what separates propaganda from art is not the place from which the art comes, but are they approaching it from a place that is academically rigorous,” Beran says. “Are they asking good questions?”STUDENTS TAKING...
...some of the discrete animal appearances may just be references to contemporary news coverage—the eagles could refer to a hawk problem New York City faced not too long ago, and a polar bear on an ice floe may also have a cultural analogue. The whale, in particular, seems to also imply another question, especially when paired with a reference to “Moby Dick” later on in the work—a question about the future of the American novel and its past. Yet Lethem offers no discernable answers, and trying to disassemble...