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...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 rate against the zero lower bound, the limitations of the Federal Reserve are quite apparent. Since no one can trust a bank’s balance sheet, laced with so-called toxic assets, the economy continues to be threatened. Our legislators are left two main choices: Inject...

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

...classes, as professors from both ends of the political spectrum flaunted their ideological differences.While many students saw the heated discussions as “amusing” incidents, others felt that they created unnecessary tension and divisiveness outside the classroom. Students who held unpopular views sometimes found themselves the target of personal attacks.“Students were hissing at unpopular political views and really hot political issues,” Steiker says. “The political dysfunction slopped over into student life.”Beyond making life uncomfortable for the political minority, the ideological divides among...

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

...clear on several occasions that he is not responsible, and maybe directly he isn't, but his supporters do have his interests at heart." Some of the crimes appear to be examples of the Caucasus' tradition of blood revenge, where a relative of an enemy is as much a target as the enemy himself - a tradition that may have been brought over to Moscow by the Chechen diaspora. "You have to understand that Chechnya is Chechnya - it has had so many wars in the last decade," says Malashenko. "They have forgotten how to resolve things by law. All they know...

Author: /time Magazine | Title: What's Behind Moscow's Recent Murder Spree? | 2/26/2009 | See Source »

...interviews with TIME, a former Cabinet minister in the government of President Pervez Musharraf and a current senior government official have confirmed that the previous government agreed to allow the CIA to target militants operating on Pakistani soil. Both sources refused to be named because of the sensitivity of the information. "Musharraf gave them the base in Shamsi [in a remote part of Baluchistan] to use for drones, logistics, everything," says the current government official, who insists that the air strikes are "counterproductive" because they inflame public opinion against Islamabad's alliance with Washington. "We have inherited all these problems...

Author: /time Magazine | Title: Shifting Alliances Complicate U.S.-Pakistan War Against Militants | 2/26/2009 | See Source »

...complex web of alliances is also illustrated by the U.S.'s use of drones to target two groups of militants, led by Maulvi Nazir and Hafiz Gul Bahadar, based in Waziristan. These men, from the Ahmedzai Wazir tribe, which straddles the Afghanistan-Pakistan border, had formed an alliance with the Pakistani army against Mehsud and other militants. In fact, backed by the army, Nazir and his men had routed some 250 al-Qaeda-aligned Uzbek militants from Wana, in South Waziristan, in 2004. But despite their nonaggression pact with the Pakistani military, both men continued to mount cross-border attacks...

Author: /time Magazine | Title: Shifting Alliances Complicate U.S.-Pakistan War Against Militants | 2/26/2009 | See Source »

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