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...need to figure out how to do this the right way," says Lewis Mandell, a professor at the University of Washington who after 15 years of studying financial-literacy programs has come to the conclusion that current methods don't work. A growing number of researchers and educators agree that a more radical approach is needed. They advocate starting financial education a lot earlier than high school, putting real money and spending decisions into kids' hands and talking openly about the emotions and social influences tied to how we spend...

Author: /time Magazine | Title: How to Teach Kids About Money | 1/25/2010 | See Source »

...landscape, some experts question whether there could ever be enough education to adequately prepare Americans for financial life. A better solution, these critics contend, is to reform the system. "What works is creating institutions that make it easy to do the right thing," says David Laibson, a Harvard economics professor who, like Mandell, has decided after years of research that education isn't a silver bullet. One idea being discussed in Washington is the automatic IRA. Employers would have to enroll each worker in a personal retirement-savings account unless that worker decided to opt out. (See pictures...

Author: /time Magazine | Title: How to Teach Kids About Money | 1/25/2010 | See Source »

When Sgt. James Crowley arrested Professor Henry Louis "Skip" Gates for disorderly conduct in July, it's unlikely that Crowley foresaw what was to come: a nationwide debate over race relations that made even Mr. President lose his cool, and an ensuing "beer summit" at the White House that was meant to diffuse the tension surrounding the controversial incident. Though an October night at the bar seemed to indicate that Gates and Crowley have since kissed and made up, the brouhaha evidently has yet to subside...

Author: By Sanghyeon Park, CRIMSON STAFF WRITER | Title: Gates' Arresting Officer Too Controversial to Even Talk | 1/23/2010 | See Source »

...were John Edwards, I'd try to concentrate all the bad news at once," says Tim Calkins, a marketing professor at Kellogg School of Management. "Get it out of the way. And then focus on replacing it with good news." When Tiger Woods starts to play good golf, his transgressions will fade from memory. Unlike Woods, however, Edwards doesn't have any public venues he can easily hop back into...

Author: /time Magazine | Title: Can John Edwards' Dreadful Image Be Rehabilitated? | 1/23/2010 | See Source »

...lecturer at the University of Zimbabwe, says that "Zanu-PF is the last party that would want an election - and [the last party] that would win it." On the other hand, Mugabe is not going to miss a chance to "play to the gallery," he adds. Eldred Masunungure, a professor of political science at the same university, says the world needs to understand that a fair election is still impossible in Zimbabwe. "[Zanu-PF's] structures of violence are still intact," he says. "A free and fair election is not a reality. That's why Tsvangirai does not want...

Author: /time Magazine | Title: New Elections: Zimbabwe's Leaders Trade Positions | 1/23/2010 | See Source »

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