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...with a Midwestern flavor. There, Stevens rose through the ranks from customer service into sales. In her best year, she racked up so much overtime that she outearned her supervisor, grossing some $42,000 - not far from the middle of the pack of U.S. incomes. And if she sometimes spent too freely on clothes and gear for her girls, she was able to balance the books by drawing on her equity in the home she bought in 1995. (Read about the history of the American middle class...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...been offered the position of U.S. ambassador to Japan, echoed Allison’s statement, calling the nomination a “terrific choice” when rumors of Carter’s potential nomination first circulated. Though Carter is a leading expert on arms control, he has not spent his career in either government procurement or with the weapons industry besides his stint as Assistant Secretary of Defense. Instead Carter, who graduated from Yale with a degree in physics and medieval history and earned his doctorate at Oxford as a Rhodes Scholar, has worked at Harvard since...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Carter Named U.S. Weapons Buyer | 2/27/2009 | See Source »

Dramatic action in the banking industry is crucial, since the effects of the $787 billion American Recovery and Reinvestment Act will be strongly diminished if the credit crunch continues. The weeks spent debating the merits and drawbacks of the stimulus plan cannot go to waste. In an ordinary recession, the Federal Reserve could cut interest rates to get credit flowing, sparking the economy. However, in the words of our president in an interview with ABC News, “…we are in not just an ordinary recession.” With the target for the Federal Funds...

Author: By The Crimson Staff | Title: (Don't Fear) the Receiver | 2/27/2009 | See Source »

...poached more tenured faculty—including Cass R. Sunstein ’75, the most cited legal scholar in the country—from other institutions during her five-year deanship than during the previous 20 years combined.Other programs that Kagan introduced testify to the six years she spent soaking up a more collegial atmosphere as a University of Chicago professor, her first academic appointment. In an effort to improve the student experience—academic, residential, and social—she brought both the clinical writing program and that school’s then Dean of Students Ellen...

Author: By Elias J. Groll and Athena Y. Jiang, CRIMSON STAFF WRITERS | Title: Kagan's Legal Legacy | 2/27/2009 | See Source »

...allow events like that to happen. Of course, profound challenges remain. Sierra Leone is one of the world's least developed nations. Infant mortality is the worst in the world. Infrastructure is terrible. And a court can only deliver so much. Some people ask whether the money spent on the court wouldn't be better spent on development. But at the end of the day, it's restoring law and order that makes development possible...

Author: /time Magazine | Title: Guilty: Justice in Sierra Leone at Last | 2/26/2009 | See Source »

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