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Chances are you can't name a single central banker from the 1920s, but in their day, they were quite the celebrities, even giving false names when traveling by ocean liner in order to dodge the press. These were the men who - in the wake of WW I and the economic destruction it wrought - returned the world to the gold standard, used interest rates to bolster the value of currencies and let stock speculation run rampant. In short, they helped lay the groundwork for the Great Depression. In Lords of Finance: The Bankers Who Broke the World, investment manager Liaquat...

Author: /time Magazine | Title: Q&A: Lessons from the Great Depression | 1/6/2009 | See Source »

Harvard Law School Dean Elena Kagan will be nominated to serve as President-elect Barack Obama's solicitor-general, the administration's representative to the Supreme Court, Obama announced in a press release Monday morning...

Author: By Elias J. Groll and Athena Y. Jiang, CRIMSON STAFF WRITERS | Title: Obama Names Law School Dean Solicitor General | 1/5/2009 | See Source »

...While the U.S. government has remained relatively quiet on the Ashraf issue lately, Washington's approach isn't entirely passive. In a Jan. 1 press release, the U.S. embassy in Baghdad said an unspecified number of U.S. troops have remained at the camp since the formal handover of control to Iraq. "U.S. forces will maintain a presence at Camp Ashraf and will continue to assist the government of Iraq in carrying out its assurances of humane treatment of the residents of Camp Ashraf," the release stated. The Iraqi government provided written assurances that the group would be treated in accordance...

Author: /time Magazine | Title: Iranian Group a Source of Contention in Iraq | 1/5/2009 | See Source »

...couples walk hand-in-hand on Juhu Beach, rickshaws honk incessantly and refuse to acknowledge lane indicators, customers haggle with street vendors, and the smell of spices and dust fills the air. In a word, all is normal.Reading the Mumbai papers, however, one gets an entirely different impression. The press has filled in the gaps in the city’s understanding of its recent attacks with a narrative of imminent danger and Pakistani aggression. This coverage, tinged with bloodlust, is at fever pitch—and it is incessant.Announcing on the Times Now news channel that Pakistan was refusing...

Author: By Jessica A. Sequeira, CRIMSON STAFF WRITER | Title: Mumbai Bias | 1/4/2009 | See Source »

...Sarkozy is expected to press Assad to help find an end to the Gaza bloodshed - notably by pressuring Hamas to fulfill Israeli demands that it stop firing rockets. Damascus-based Hamas leader Khaled Meshal seems willing to accept that condition in exchange for Israel's reopening border crossings that have economically asphyxiated Gaza - an issue that could eventually force a change in Egypt's closure of its frontier...

Author: /time Magazine | Title: Can Sarkozy's Syria Ties Deliver a Mideast Truce? | 1/2/2009 | See Source »

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