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...Also out on Wednesday was a report by an oversight board appointed by Congress to evaluate Treasury's economic-rescue efforts. The board, which is headed by Harvard law professor Elizabeth Warren, criticized Treasury for failing to set up a program to monitor the effectiveness of TARP. In particular, the oversight board said it was important for Treasury to institute a method to determine whether the banks receiving government funds are using the money to make loans. "American taxpayers need to know that their money is having a tangible effect on improving financial stability, credit availability, and the economy...

Author: /time Magazine | Title: Treasury Investments Already $16 Billion in the Red | 12/11/2008 | See Source »

Complaints about female condoms are not so different from those about the male version: slippery, noisy, awkward, uncomfortable. "The yuck factor was a problem," Mitchell Warren, executive director of the AIDS Vaccine Advocacy Coalition, told the New York Times last year about the device's failure to catch on. Then there's the stigma associated with buying condoms, a topic even The Golden Girls once addressed...

Author: /time Magazine | Title: A Brief History of Safe Sex | 12/11/2008 | See Source »

...That did not deter the governor, apparently. The same day, Blagojevich suggested starting a nonprofit lobbying organization, known as a 501(c)(4), which he could eventually work for, and proposed getting Obama's friend "Warren Buffett or some of those guys to help us on something like that." In a separate conversation on the same day, he suggested that Obama and his associates "can get Warren Buffett and others to put $10, $12 or $15 million into the organization" and then suggested that he could retire from the governorship to go over to the organization...

Author: /time Magazine | Title: Can Obama Escape the Taint of Blagojevich? | 12/10/2008 | See Source »

...Harvard Law School professor who heads the congressional panel that oversees the federal bailout said that the government has yet to lay out a sound plan for dealing with the financial crisis. Professor Elizabeth Warren told The New York Times on Tuesday the government’s actions so far have lacked clarity and direction. Warren said she believes that if need be, the government should not shy away from repairing individual families’ financial health. “Household financial health is profoundly tied to the economic health of the nation. You cannot repair this economy...

Author: By Sofia E. Groopman, CONTRIBUTING WRITER | Title: Harvard Law School Professor Criticizes Bailout Plans | 12/3/2008 | See Source »

...instantaneous and crippling effect on cultural production. In fashion and its allied trades, the contraction in the economy forced an untimely end to the "Designer Boom" that defined the Tokyo high street for much of the 1980s ... [But in Harajuku], a tentative sense of revival was afoot. In its warren of side-streets, ancient storefronts and crumbling housing complexes, a scrappy group of designer/proprietors, many of them looking fresh out of high school, began to open apparel stores... enterprising magazine editors took to calling this retailing boom-let the "Ura-Harajuku Movement" and the semantic hype was soon matched...

Author: /time Magazine | Title: A Bathing Ape | 12/1/2008 | See Source »

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