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...Bernanke's is in many ways an inspiring story, a financial overlord from Main Street rather than Wall Street, from the faculty lounge rather than the corridors of power, from the realm of pragmatism and analysis rather than partisanship and ideology. He was a nice Jewish boy from small-town South Carolina who had pursued a career of scholarship; before George W. Bush appointed him to the Federal Reserve Board in 2002, his only brush with politics had been a stint on his local school board. Before the markets went haywire, he was building a reputation...

Author: /time Magazine | Title: Why Obama Reappointed Bernanke to the Fed | 8/25/2009 | See Source »

...Florida Tensions Rise over Health Care In the ongoing debate over health-care reform, critics have fixated on the bogus suggestion that "death panels" could deny end-of-life care to ailing seniors. The contention, voiced by Republicans like Sarah Palin, sparked a series of skirmishes at town halls around the country. Defending his proposals in New Hampshire, President Obama denounced the claim as a "scare tactic...

Author: /time Magazine | Title: The World | 8/24/2009 | See Source »

...slaves arrived on the island in the 1700s, freed blacks came to work in the service industry after the Civil War, and later they came as entrepreneurs. Eventually they were absorbed into an emerging community of African-American professionals, many of whom summer in picturesque Oak Bluffs, an oceanfront town of quaint gingerbread homes. "They were not segregated in the island community, as blacks were by law in the Jim Crow South or by custom and tradition in the North," Hayden explains, thanks to the parallel development of black and white communities on the island and the tolerant attitudes...

Author: /time Magazine | Title: Postcard from Oak Bluffs | 8/24/2009 | See Source »

...October devoted to a massive crew race. 2. When college and prep-school students descend on Cambridge to get drunk. 3. When your roommates will invite total strangers to drink, party, and pass out in your room. 4. A good weekend (October 17-18 this year) to skip town...

Author: By The Crimson Staff, CRIMSON STAFF WRITER | Title: Dictionary of Harvardisms | 8/24/2009 | See Source »

...Commander in Chief has, of late, become something of a fact checker in chief. In town halls, interviews and meetings with interest groups, President Barack Obama repeatedly harps on what he calls the "myths" and "fabrications" about health-care reform...

Author: /time Magazine | Title: How Abortion Could Imperil Health-Care Reform | 8/24/2009 | See Source »

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