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...other side of the statement of the Fed is a prospect which, far from being immodest, should cause every intelligent person in the country to shudder. If the great engineers of the plans to return the economy to health are wrong, the result will be a ship wreck, a catastrophe so large that it cannot be contained, no matter how much money the government is willing to invest...

Author: /time Magazine | Title: The Fed: Things Will Get Better, If Everything Goes As Planned | 4/30/2009 | See Source »

...Workers (UAW). Take the Chrysler plan: Taxpayers were to trade in a $4 billion IOU (i.e., the government loans) for about 5% of Chrysler's stock. The UAW, on the other hand, was trading in a $4.5 billion IOU (related to its VEBA health-care trust for retirees) in return for 55% of Chrysler stock. Does that seem fair? A third group, the secured debt holders, were to trade in a $6.9 billion IOU and get $2 billion in cash - an amount that was later raised to $2.25 billion to mollify disgruntled creditors, though it still failed to win their...

Author: /time Magazine | Title: Could Creditors Scuttle a GM Deal Like Chrysler's? | 4/30/2009 | See Source »

...future,” said Kristen Rupert, executive director of the Massachusetts Alliance for International Business. Yet some left the lecture frustrated by Dinkic’s vagueness. Mira Popopic, who said she was a University of Massachusetts Ph.D., challenged Dinkic’s call for Serbian experts to return to the country, saying she would move home “tomorrow” if the country had a job for her. But Dinkic avoided answering her question, instead speaking at length about handling adversity in the job market and remaining hopeful. Still, Dinkic’s message was largely...

Author: By Alexander R. Konrad, CRIMSON STAFF WRITER | Title: Serbian Official Offers Economic Advice | 4/29/2009 | See Source »

...timeline can be traced back to Napoleon Bonaparte, because that's how long it took him to return from exile, reinstate himself as ruler of France and wage war against the English and Prussian armies before his final defeat at the Battle of Waterloo. (It actually took 111 days, but we'll give him a mulligan.) Napoleon reclaimed power in 1815, however; Americans didn't start assessing their Presidents in 100-day increments until Franklin Delano Roosevelt came along more than a century later...

Author: /time Magazine | Title: The 100-Day Benchmark: It All Started with Napoleon | 4/29/2009 | See Source »

...Toomey's campaign and state Republican officials didn't return calls, but the candidate issued a harsh judgment on his website, one that gave a hint of how he might campaign if he were to win the nomination. "What Pennsylvanians must now ask themselves is whether Senator Specter is in fact devoted to any principle other than his own re-election," Toomey wrote. He implicitly accused Specter of hypocrisy, saying "Senator Specter has made numerous statements about how important it is to deny Democrats the 60th seat in the U.S. Senate and how he categorically intended to remain a Republican...

Author: /time Magazine | Title: Pennsylvania Democrats Reserved on Specter | 4/29/2009 | See Source »

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