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...Blackberry. Winthrop House Master Stephen P. Rosen said that he invited Summers to speak because “he has always been committed to the College and always made the effort to visit the Houses.” The former Treasury secretary also devoted much of his prepared speech to a discussion of the country’s current economic turmoil—in particular, yesterday’s decision by the Federal Reserve to lend up to $30 billion to JPMorgan Chase to absorb floundering investment bank Bear Sterns. Summers said that the takeover...

Author: By Elissa F. Jennings, CRIMSON STAFF WRITER | Title: Summers Encourages Students To Take Risks | 3/18/2008 | See Source »

Politicians don't give speeches like the one Barack Obama delivered this morning at the National Constitution Center in Philadelphia. Certainly presidential candidates facing the biggest crisis of their campaigns don't. At moments like these - when circumstances force them to confront and try to defuse a problem that threatens to undermine their campaigns - politicians routinely seek to clarify, diminish and then dispose of the problem. They play down the conflict, whatever it is, then attempt to cut themselves off from it and move on, hoping the media and electorate will do the same. What they...

Author: /time Magazine | Title: Obama's Bold Gamble on Race | 3/18/2008 | See Source »

...that is the breathtakingly unconventional speech Obama gave today. Rather than disown his former pastor and spiritual adviser, the Rev. Dr. Jeremiah Wright, Jr., as well as denounce Wright's controversial sermons, Obama declared that he could denounce but not disown. "I can no more disown him than I can disown the black community," he said. He castigated Wright, but did not cast him off. Obama refused to add his voice to the chorus vilifying Wright. Acknowledging how disingenuous that would have been, and how craven, Obama instead pulled Wright back and re-owned him, saying, "As imperfect...

Author: /time Magazine | Title: Obama's Bold Gamble on Race | 3/18/2008 | See Source »

...Obama's speech was profound, one of the most remarkable by a major public figure in decades. One question - perhaps the question -is whether its sheer audacity makes for good political strategy. By confronting the Wright controversy head-on, Obama ensured that it would drive the narrative about his campaign, and his race against Hillary Clinton, for days and perhaps weeks to come. He and his advisers no doubt calculated that nothing they could do would change that fact. But if one of the appeals of Obama's candidacy has been the promise of a post-racial politics, how will...

Author: /time Magazine | Title: Obama's Bold Gamble on Race | 3/18/2008 | See Source »

...indisputable that this was a serious speech about the incendiary topic of race in America. Obama was performing his high-wire act, trying to appear black enough for the African-American community and post-racial enough for white voters. That's as tough a task as exists in American politics, and one speech alone will never accomplish it. But if he is to win the nomination and the general election, he has to engage voters in this dialogue, and the sooner the better. He's started down that road, and he has to continue. Whether he likes...

Author: /time Magazine | Title: Reaction to the Obama Speech | 3/18/2008 | See Source »

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