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...crisis could persist: "If the recession lingers (as some economists suggest), economic growth is particularly tepid (as some economists warn), or the nation dips into another recession (as some economists predict), state fiscal problems would obviously last longer. This all underscores an unfortunate fact: Without a doubt, lawmakers' endurance to resolve extraordinary fiscal problems will be tested for years to come...

Author: /time Magazine | Title: Why States' Budget Woes Won't End Soon | 7/23/2009 | See Source »

...Gates, an African American studies professor who has earned 50 honorary degrees for his work and is arguably Harvard's most renowned black scholar, was arrested last Thursday at his home for disorderly conduct. Police reports and statements from Gates' lawyer suggest that police officers, investigating a tip of a possible break-in at Gates' Cambridge home, got into a confrontation with the 58-year-old professor, who was returning home from a trip to China and forced his way through a jammed front door with a car driver's help...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Students, Professors Eye Racial Factors in Gates' Arrest | 7/22/2009 | See Source »

President Obama's news conference on July 22 is meant to be a foot on the accelerator of health-care reform, but all signs suggest that Capitol Hill is putting on the brakes. In the House, the Energy and Commerce Committee had expected to be finishing up its bill tonight; instead, the only one of the three health-related House committees that hasn't yet produced a bill has suspended its drafting sessions, while committee chairman Henry Waxman tries to work out his differences with a rebellious group of fiscally conservative Democrats known as the Blue Dogs...

Author: /time Magazine | Title: Obama's Health-Care Push: Congress Says It's About Time | 7/22/2009 | See Source »

...might be specious to suggest that Acta could have just flipped a switch to become a better manager and save his job—except that this very logic is necessary to substantiate the belief that managers do make a difference. Take, for example, Joe Maddon, the celebrated manager of the Tampa Bay Rays. In his third year in Tampa, Maddon took the Rays to the World Series—after finishing dead last his first two years. Maddon is now regarded as one of the league’s best, because he succeeded in flipping that switch...

Author: By Nathaniel S. Rakich | Title: Managing Expectations | 7/21/2009 | See Source »

...Cursed with a pronounced five-o'clock shadow, Barofsky bears a resemblance to Richard Nixon or, as some unkind souls suggest, Mr. Bean. But any resemblance to Nixon is superficial; by reputation at least, Barofsky is as honest as Nixon was dishonest. As for comparisons with Mr. Bean, Barofsky is certainly no fool." - Blogger Tom Cordle on Barofsky's appearance. (The Open Salon blog, April...

Author: /time Magazine | Title: TARP Watchdog Neil Barofsky | 7/21/2009 | See Source »

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