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...combat portion of the campaign to lead the free world. Tough attacks, misinformation and anonymous smears are multiplying as both campaigns surrender some control of the conversation to outside groups and dirty tricksters with deep pockets and technological know-how. Legitimate interest groups, high-powered unions and wealthy individuals plan to spend millions on television advertisements, direct mail and computer-generated phone calls over the coming weeks, almost all of them negative. These efforts will be supplemented by a lot of stuff that is even worse, like the faceless fax blast Cohen received...

Author: /time Magazine | Title: Smear Wars: Welcome to Negative Ad Season | 9/25/2008 | See Source »

...quandary is that we are apparently not capable of safely manufacturing $700 billion in debt securities to sell to foreigners every year, as we've been doing since 2005. (That this is the same total as Treasury's bailout plan is just a coincidence.) If we keep trying to borrow that much from overseas--as you've probably gathered, selling debt means borrowing money--today's quality problems may soon seem petty. For now, we can still reassure buyers around the world by slapping that GUARANTEED label on our debt. But as financial crisis and economic slowdown cause government debts...

Author: /time Magazine | Title: America's No. 1 Export: Debt | 9/25/2008 | See Source »

Congressional critics of the Paulson-Bernanke bailout have demanded to rewrite the plan before approving it, clamoring for aid to struggling homeowners, limits on executive pay at firms getting federal help, perhaps even requiring Treasury to get an equity stake in a firm in exchange for its subpar assets. In the interview with Time on Sept. 24, Paulson said, "I believe that we're going to get a bill that works and a clean bill. It certainly won't be exactly what we asked for--it never is--but it's got to be sufficient...

Author: /time Magazine | Title: Three Men And a Bailout | 9/25/2008 | See Source »

...Trust Universe Comparison Service. While these returns pale in comparison to the consistent double-digit returns posted by the wealthiest university endowments over the past few years, they remain robust in light of the worst financial downturn in decades—one that has prompted a U.S. government plan to purchase up to $700 billion of toxic securities in an effort to cleanse the balance sheets of the country’s ailing financial institutions. The unprecedented government intervention in the market follows a series of financial shocks in recent weeks, including the failure of Lehman Brothers, the government takeover...

Author: By Wyatt P. Gleichauf and Nathan C. Strauss, CRIMSON STAFF WRITERSS | Title: Elite Endowments Weather Markets | 9/25/2008 | See Source »

...commitment to accentuate a milestone in what has been a very long process and one that will extend over the next several decades,” he said. While recognizing that this is an important step, Clark emphasized that more needs to be done to formulate a multifaceted plan. “Harvard needs to rise to other challenges,” he said, including its water use, and the carbon emissions generated by Harvard’s energy production. But for now, the symbolic role of Gore’s presence may be sufficient. “Symbols...

Author: By Aparicio J. Davis, CONTRIBUTING WRITER | Title: Gore Visit ‘Symbol’ For Green Attention | 9/25/2008 | See Source »

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