Word: washingtonization
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Dates: during 1990-1999
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Summers, who was the youngest tenured professor in Harvard history, was every bit as much a rocket scientist as the economists at LTCM. But Greenspan says one of the keys to Summers' success in Washington is his ability to unlearn much of what he once taught. "Larry has one overriding virtue: he is very smart," Greenspan explained one afternoon last week, as a springlike day cooled into night outside his Washington office. "And unlike people who are smart and believe they are smart, he is open to the recognition that a lot of what he thinks is true...
Another problem is the piecemeal way in which these tests are developed, with no attempt to coordinate them nationally. Last month Achieve Inc., a bipartisan resource center on standards, was host to a conference in Washington, where representatives from 20 states pledged to work toward a shared national standard by offering uniform exam questions. In the meantime, students like Lajoi probably have less to worry about than the people in charge of teaching them. The Maryland board of education has just targeted three elementary schools in Prince George's County for state takeover because of poor test results...
JOSHUA COOPER RAMO, editor of TIME's World section, takes you inside the most powerful economic triangle in Washington in this week's cover story on the Committee to Save the World, a.k.a. Fed Chairman Alan Greenspan, Treasury Secretary Robert Rubin and Deputy Treasury Secretary Larry Summers. As volatility has upset foreign markets and economic models, the three men have forged a unique partnership to prevent the turmoil from engulfing the globe. "They are motivated by the prospect of confronting entirely unprecedented economic challenges," says Ramo. Reporting this tale proved a challenge too. Ramo followed Summers to Russia this summer...
...coming up with story ideas," he says. "But events move so quickly that the story on Friday is vastly different from what we envisioned the previous Wednesday." Though his weekends are mostly shot, Pooley says his job is "enormous fun because you have great reporters at your disposal in Washington, New York City and all the other bureaus. As a kid, I played war games where you deployed forces on multiple fronts. Being Nation editor is a bit like that...
...women's network," its three first-ever original programs--the drama Any Day Now and the comedies Maggie and Oh Baby--focus on women who renounce yuppie partnering fantasies for loftier pursuits. In fact, just like Providence, Any Day Now has as one of its protagonists a fortyish Washington refugee who gives up on power brokering and a noncommittal boyfriend to settle in her native town of Birmingham, Ala., and practice civil rights...