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...argument Egnal makes is both powerful and valid. It’s important to consider slavery from an economic, rather than a primarily ethical, standpoint. Northerners demanded that the expansion of slavery end, driven by both their moral objection to the institution and their desire to cultivate the northern industry in the West, and Lincoln only adopted the cause of immediate emancipation in 1862 due to military necessity. While it is difficult to say for sure that Egnal’s argument for the preeminence of economic factors in the outbreak of war is wholly correct, it is clear that...

Author: By Chris R. Kingston, CRIMSON STAFF WRITER | Title: Egnal Revisits Civil War Theory | 2/5/2009 | See Source »

...projections for the performance of mortgage-backed paper began to sharply diverge from what was actually happening. With the cash flow from many mortgage pools dropping quickly, the derivatives based on them began to lose a tremendous part of their value. The paper became so "toxic" from a performance standpoint that the trading in the instruments locked up, making them illiquid and driving down their values even faster...

Author: /time Magazine | Title: Finding the Man Who Started the Global Recession | 2/2/2009 | See Source »

...necessary because closing the firms would put so many people onto the unemployment line. More job losses, of course, would in large part negate the goal of the stimulus plan to add three to four million new jobs to the economy over the next two years. From that standpoint, a $100 million investment is actually cheap...

Author: /time Magazine | Title: 2009 Car Sales: Detroit Can't Cut Costs Enough | 2/2/2009 | See Source »

...First and foremost, the Valentine case is especially disturbing from a Constitutional standpoint. The free exercise of one’s religion is guaranteed in the Bill of Rights, and the First and 14th Amendments have governed the state’s ability to interfere with religious practice since at least the middle of the 19th century. There is more than just a textual significance to these amendments. Some historians have argued that the pursuit of religious freedom by persecuted minorities—including but not limited to the Protestant denominations that dominate our national headlines today?...

Author: By Nafees A. Syed | Title: The Fuss About Covering Up | 2/1/2009 | See Source »

...Your article], on whether the New York Times can survive the death of journalism, leaves a lot to be desired from the standpoint of ... well, journalism.' CATHERINE MATHIS, Times representative, blasting the Atlantic for "uninformed speculation...

Author: /time Magazine | Title: Verbatim | 1/15/2009 | See Source »

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