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...prolonged one. The reason AIG has cost taxpayers $170 billion - and the reason the Obama Administration seemed willing, at least at first, to hold its nose and accede to bonuses for the company's managers - is that it's too big to fail. It's an often heard phrase, but what does it really mean? (See the top 10 financial collapses...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...French have a phrase to describe the carefully crafted rhetoric that politicians use when they have nothing much to say or want to paper over fundamental differences. They call it "langue de bois" - wooden tongue - and, unfortunately, we are entering a period in which official tongues will be even more thickly wooden than usual. The main reason for that is the summit of world leaders scheduled to take place on April 2 in London. Billed as a crucially important event for the future of the global economy when it was first called just four months ago, it's now clear...

Author: /time Magazine | Title: The G20's Chance Meeting | 3/19/2009 | See Source »

...have the luxury of choosing between getting our economy moving now and rebuilding it over the long term." The political strategy of the Administration can be summed up in a motto: "Never waste a good crisis," as Secretary of State Hillary Clinton put it. That phrase has been the rallying cry of the Obama team for months. But it increasingly appears that the Administration was unprepared for both the severity of the recession and the political resistance to trying to do so much at once. And so the Obama team is coming to grips with another motto for the ages...

Author: /time Magazine | Title: Obama's Reform Agenda: Is He Trying to Do Too Much? | 3/13/2009 | See Source »

...distinguished university, Mirrer said. She also added that the Society mainly receives entries for the award that are biographies and narrative accounts. History Professor Walter Johnson said Faust’s book—which was published early last year—makes readers think about what the phrase ‘the war dead’ means in new ways. “Its among the handful of books I think everyone should read about the Civil War,” Johnson said in an e-mailed statement yesterday. Johnson had nothing but praise for the book, and said...

Author: By Kristi J. bradford, CRIMSON STAFF WRITER | Title: Faust Wins Award for her Book on the Civil War | 3/12/2009 | See Source »

...overtly forced is overbearing and dull. Even less convincing are the attempts scattered throughout “The Abbatoir” at accompanying the themes and motifs of animals, the elemental and the bona fide American, with a feigned exoticism. This takes the form of meaningless phrases that refer to “Abroad”—typically Europe. Thus we read of “Italian Bees Grazing a Table in August”; never mind that the fact that they are Italian has no discernible import for the poem. Similarly, in “Surgery...

Author: By Keshava D. Guha, CONTRIBUTING WRITER | Title: Nilsson's 'Abattoir' Proves Dull | 3/12/2009 | See Source »

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