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...evening of stand-up comedy is held in a room furnished for the AEA's more traditional meetings: ugly carpeting, stiff conference-room chairs and a screen for PowerPoint presentations. Not exactly the ideal setting, but as an audience member remarks, "This is the Carnegie Hall for economists who are also comedians." For attendees, it's the biggest night of the conference: boisterous comic relief to end a week packed with enticingly titled seminars such as "Arbitrageur of Capital" and "Dynamics of Asset Returns and Liquidity." "Microeconomists are wrong about specific things, and macroeconomists are wrong about things in general...

Author: /time Magazine | Title: Didja Hear the One About the Funny Economist? | 1/15/2009 | See Source »

...academics in their 40s and 50s, says, "It was fun to spit in the eye of impending doom. All of this tension is a lot more tolerable if you can have some fun and look it right in the face and call it what it is. And have a stiff drink...

Author: /time Magazine | Title: Hard Times: From Wall Street to Elm Street | 1/7/2009 | See Source »

More recently, since 9/11, the Bush administration has attempted to stiff-arm the Posse Comitatus law as part of the war on terror. Barely a month after the September 11 terror attacks, on Oct. 23, 2001, then Deputy Assistant Attorney General John C. Yoo co-wrote a memo regarding "Authority for the Use of Military Force to Combat Terrorist Activities Within the United States." Jay Bybee, then chief of the Office of Legal Counsel, acknowledged in a later memo that the act generally prohibits use of the military for law enforcement purposes unless there's a constitutional or statutory reason...

Author: /time Magazine | Title: Should the Military Be Called in for Natural Disasters? | 12/31/2008 | See Source »

Still, the rival candidates would do well to recall the outcome of an earlier military offensive waged during an Israeli election campaign. In April 1996, then Israeli Prime Minister Shimon Peres was floundering in a stiff electoral battle with the very same Netanyahu. Peres, who initially was considered a certainty to win the election, found his dovish reputation was working against him amid a wave of Palestinian suicide bombings and deadly Hizballah attacks against Israeli troops then occupying south Lebanon. In an attempt to create a tough-guy image, he ordered an air and artillery blitz against Hizballah in Lebanon...

Author: /time Magazine | Title: Attacking Gaza, Israel Worries About Lebanon | 12/29/2008 | See Source »

...nationality - which in a globalized world where only competence counts means nothing," famed chef Alain Senderens told TIME. Adds Laurent Mariotte, a food expert who hosts cooking programs on radio's France Info and television's TF1: "French cuisine has recently begun shedding it's reputation of being stiff and stuck in its ways by opening up to new influences as great chefs in England and Spain did earlier. Michelin selecting a German woman is another sign of that openness to change in order to improve...

Author: /time Magazine | Title: France Shrugs as a German Takes Over the Michelin Guide | 12/21/2008 | See Source »

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