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...Economics professor Benjamin M. Friedman ’66, for example, noted that had economists seen the future in early 2007, “they almost certainly would have forecast a steeper downturn, with many more layoffs.” That is a striking insight. It is unpopular to say that the U.S. economy is resilient when firms are failing, but what story is told by the facts? Unemployment now exceeds 6 percent in the United States but it declined by 159,000 in September. In France, for example, the unemployment rate was nine percent (or more) in nine...

Author: By Jan Zilinsky | Title: Lessons from the Financial Crisis | 10/7/2008 | See Source »

...undercurrent of fear in modern society. Departing from the stated topic of his talk, he compared the wars in Iraq and Afghanistan to the actions of the Nazis. One audience member said he fundamentally agreed with Kevorkian’s views on civil liberties, in spite of the politically unpopular conclusions that the former doctor drew. “I don’t disagree with his arguments,” said Neto Waite, an LLM student at the Law School. “As to whether I would have the courage to agree with all of them...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Kevorkian Speaks To HLS Audience | 10/6/2008 | See Source »

South Korean police have since announced that they will crack down on online defamation, but little has been said about the late actress's problems as a single mother in this deeply conservative society. Choi spoke openly on the taboo topic and sought to change the unpopular public perception of single moms in South Korea. "Korean society does not like strong women, and thinks single moms have a personality disorder," says Park Soo Na, a national entertainment columnist. "It's like a scarlet letter." She says single mothers often ask their parents to raise their grandchildren so the kids...

Author: /time Magazine | Title: South Koreans Are Shaken by a Celebrity Suicide | 10/6/2008 | See Source »

...many observers, like Dick Armey, the current situation recalls an effort by President George H.W. Bush in 1990 to hammer out with congressional leaders another unpopular bill, this one to raise taxes to cope with budget shortfalls brought on by the recession. Bush, you may remember, was never forgiven by conservatives for breaking his "read my lips" no-new-taxes pledge, and he went on to lose his re-election bid two years later. The moderate Republican minority leader Bob Michel faced his own insurrection from conservatives, including Armey and Newt Gingrich, who became Speaker when...

Author: /time Magazine | Title: The Bailout Spotlight Returns to the House — and John Boehner | 10/2/2008 | See Source »

...they lose 10-15 seats, they will certainly be looking for new leadership, and that will create an internal battle within the party for the soul of the party," says James Thurber, director of American University's Center for Congressional and Presidential Studies. But with an unpopular lame-duck President, an even more unpopular Republican Party in Congress and a leadership vacuum at the top of the House, that soul search could be a very painful experience...

Author: /time Magazine | Title: The Bailout Spotlight Returns to the House — and John Boehner | 10/2/2008 | See Source »

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