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...Global Crisis What made America's recklessness truly dangerous is that we exported it. A few months ago, some talked about decoupling - that Europe would carry on even as the U.S. suffered a downturn. I always thought that decoupling was a myth, and events have proven that right. Thanks to globalization, Wall Street was able to sell off its toxic mortgages around the world. It appears that about half the toxic mortgages were exported. Had they not been, the U.S. would be in even worse shape. Moreover, even as our economy went into a slowdown, exports kept the U.S. going...

Author: /time Magazine | Title: Nobel Laureate: How to Get Out of the Financial Crisis | 10/17/2008 | See Source »

...sister and Doon’s desire to help the human race, takes place under, around, and through the city, unveiling the secret escape from the City of Ember. Ronan, who previously earned an Oscar nomination for her supporting role in “Atonement,” has proven her merit once again. Her performance is heart-warming and inspired, and she becomes the shining star of the movie. Unfortunately, the rest of the cast, which includes Bill Murray, Tim Robbins, and Marianne Jean-Baptiste in secondary roles, is disappointing. Murray, whose melancholy performances are always balanced with humor...

Author: By Brianne Corcoran, CONTRIBUTING WRITER | Title: "City of Ember" | 10/17/2008 | See Source »

...recent years several states have quietly been remaking themselves into international financial players, on a scale unprecedented at least since the fall of the Soviet Union. Unlike the East bloc, however, the new state capitalists - China, Russia and the Persian Gulf states, primarily - have proven so successful that even before the crisis they caused world leaders to wonder if democratic capitalism might not be the best economic model after...

Author: /time Magazine | Title: Central Command | 10/16/2008 | See Source »

...players, MySpace, and Facebook all made it easier to display your taste, as well, and suddenly the hipster was a public figure. Question: How many hipsters does it take to change a lightbulb? Answer: You don’t know?This obsession is insidious. Science has proven that musical taste is a perfectly valid personality indicator, but the hipster persona has boiled it down to a dark, bitter, cynical syrup. Speaking as someone who is more confident in her personality than in her playlist, this cannot be healthy.Perhaps you think I’m overstating the level of the obsession...

Author: By Jillian J. Goodman | Title: Our Sonic Youth | 10/16/2008 | See Source »

...only available option despite compelling DNA evidence of their innocence. Such facts show the clear fallibility of the criminal justice system and make the irreversible nature of the death penalty particularly unnerving. Given that our justice system is premised on the belief, “innocent until proven guilty”—a concept that concludes it is better to let 10 criminals free than to kill one innocent person—it seems wrong to risk taking an innocent life. But the larger question might be: Is the death penalty even an ineffective deterrent? In fact, experts...

Author: By The Crimson Staff | Title: Still Cruel, Far Too Usual | 10/16/2008 | See Source »

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