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...their own problems, Andrew Mellon and his kindred spirits at the Fed triggered a financial collapse that more or less ensured major, permanent government participation in the financial sector. By intervening aggressively, Hank Paulson and his kindred spirits at the Fed haven't quite ensured a continuation of the status quo - some reforms will come, and banks and their regulators will tread more gingerly for at least a few years - but they do seem to have headed off a re-enactment of the New Deal...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

Despite Smith’s overtures at open communication between administrative decision-makers and the rest of the Faculty, some faculty and staff said in interviews with The Crimson that information regarding FAS’ financial status has been sparse to nonexistent in the past few months...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Dean To Hold Open Forum on Budget Deficit | 9/15/2009 | See Source »

...rights violations at Bagram—some of whose denizens have been held there for over six years and two of whom were killed in 2002 due to beatings by American soldiers—persist, it would be counterproductive to this effort and to America’s moral status in the world...

Author: By The Crimson Staff | Title: Less Bad, But Not Good | 9/15/2009 | See Source »

...like you or me borrowing to cover a shortfall or buy a house, with a crucial difference: countries are, in theory at least, immortal. They can keep rolling over their debts indefinitely. The U.S., with its centuries-long record of solid credit and steady growth plus its special status as the issuer of the world's favorite currency, has seldom had trouble rolling over its debts. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: America and Its Deficits: Are We Broke Yet? | 9/14/2009 | See Source »

When Senator Edward M. Kennedy died Aug. 25, it effectively signaled the end of America's most glamorous political dynasty. The Kennedy name has long held almost mythic status in this nation's public life, and Teddy - the youngest of Joseph and Rose's nine children - lasted the longest and suffered the greatest tribulations. The violent and sudden deaths of his three brothers, a plane crash, the scandalous (and, some say, unforgivable) night at Chappaquiddick: all juicy fodder for a memoir. Luckily for the curious, Kennedy had been working on one for two years before his death. It hits bookstores...

Author: /time Magazine | Title: True Compass: A First Look at Ted Kennedy's Memoir | 9/14/2009 | See Source »

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