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...thinks a little-known fact about President George W. Bush '68's past - that his first mention in The New York Times occurred in 1967 when, as former president of the Delta Kappa Epsilon chapter at Yale, Bush defended the fraternity's practice of branding its pledges with a red-hot coat hanger - deserves more national attention ... On Sunday, Trudeau's cartoon "Doonesbury" featured fictional character Mark Slackmeyer explaining the President's position against current anti-torture legislation by revisiting a series of 1967 Yale Daily News articles that exposed DKE's rush activities, which at the time included brandings...

Author: /time Magazine | Title: W.: The Official Film Guide | 10/21/2008 | See Source »

...role as director-general." Lawyers for Nagy, a Hungarian economist who now works in London for the European Bank for Reconstruction and Development, say she left the IMF of her own will and received standard compensation under a cost-cutting plan that eliminated 380 positions via voluntary departures. Caught red-handed after Nagy's husband discovered e-mail sent last January during the monthlong affair, Strauss-Kahn owned up to the tryst, stressing that his transgressions ended there. On Monday, Strauss-Kahn issued an apology to Nagy, the IMF staff and his French TV-personality wife Anne Sinclair for what...

Author: /time Magazine | Title: Sex and the Financial Crisis: The Scandal at the IMF | 10/21/2008 | See Source »

...red ink will continue to rise, thanks to panicky raids of federal coffers by policymakers trying to stem the financial crisis. President George W. Bush started the current bonanza in February by approving a $152 billion economic stimulus package. When other bailouts, including the recently passed $700 billion financial rescue plan, are counted, Washington is set to shell out some $1.5 trillion in the near term. Projections for the next fiscal year's deficit start at roughly $550 billion and go as high as $1 trillion, depending on the government's current obligations, expected further spending measures and falling...

Author: /time Magazine | Title: Spend, Baby, Spend: US Budget Deficit to Soar Again | 10/20/2008 | See Source »

...Governor has become a web phenomenon, generating torrents of YouTube hype and interactive web applications from the Sarah Palin Baby Name Generator to the latest: PalinAsPresident. It's a picture of the self-professed Caribou Barbie behind a cluttered desk in the Oval Office; its contents - from a ringing red telephone to a closet full of "secrets" - animate when clicked...

Author: /time Magazine | Title: Palin as President Interactive | 10/20/2008 | See Source »

...that open-minded, independent spirit has been in short supply this fall. The McCain campaign brought its red-meat attack strategy to the peninsula - featuring his running mate, conservative Alaska governor Sarah Palin, who suggested at a rally in Clearwater that Obama was an America basher who "worked with terrorists." It has also started contacting voters with automated, so-called robo-calls identifying Obama along with former domestic terrorist Bill Ayers. Nor did it help last week when McCain, complaining about the admittedly boneheaded voter-registration tactics of left-leaning activist groups like ACORN, somewhat petulantly suggested that Democrat-engineered...

Author: /time Magazine | Title: What's Got McCain Down in Florida | 10/20/2008 | See Source »

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