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...Often the rationale behind such an argument falls on our demographic makeup: Skimmed from the top of high school classes around the world, each progressive wave of Harvard undergraduates seems to bristle with more potential energy. This phenomenon only self-accelerates over the course of four brief years, as once again too many people learn to claw their way to too few spots: fellowships, jobs or admissions to graduate schools far and wide. Meanwhile, hopelessness at Harvard is diffuse, displaced but ever-present; the drive that superficially characterizes our student body seems only to be encouraged by subterranean seams...

Author: By James M. Larkin | Title: We’re Talking About Practice | 10/19/2008 | See Source »

...Mugabe has taken wildly different positions since the March elections, in which the MDC won control of parliament and Tsvangirai finished first in the presidential race, although without an absolute majority. At the time, Mugabe said Zimbabweans had made a "mistake," and his security forces unleashed a wave of repression that left close to 200 M.D.C. supporters dead. The violence prompted Tsvangirai to withdraw from a second round of presidential elections, which Mugabe won - only to announce on his inauguration that he wanted to share power with the MDC. He then appeared to back-track on that promise before...

Author: /time Magazine | Title: Zimbabwe Talks Fail, What Next? | 10/18/2008 | See Source »

...clothing retailer with about 100 outlets in Hong Kong and another 500 in China, was forced to liquidate after it could not meet bank demands to repay its debts. Analysts say the company borrowed too much and expanded too fast in the rush to catch China's economic wave. As the global economy slows, that's likely to become a familiar refrain - and as a result, lenders are increasingly scrutinizing their customers' balance sheets and cash-flow statements for signs of stress that could lead to default. One Hong Kong businesswoman, who asked not to be named for fear...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...falling purchasing power and consumer fear of a looming economic downturn have caused spending in France's cafés and restaurants to slump around 20% this year. Nearly 3,000 of the nation's restaurants closed down or went bankrupt in the first half of 2008 alone. That wave of failure may well rise as newcomers to the sector who relied on credit to get started find themselves stretched to make their payments as revenues slump. "If I were 30, starting out with loans to reimburse, I'd be in big trouble," says Bonduel, relieved that most...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

Even before the political landscape turned toxic, Republicans were struggling. They are defending nearly twice as many seats as are the Democrats and were hit by a wave of retirements. What makes the turnabout more striking is that the Democratic challengers aren't particularly strong candidates. Several are inexperienced; others are more liberal than their states. Many seemed almost struck dumb when, as gasoline prices soared this summer, Republicans hit on the suddenly popular idea of drilling for more oil. But the market meltdown has replaced $4-per-gal. gas as voters' top concern, and ever since Herbert Hoover, voters...

Author: /time Magazine | Title: The Democrats Drive for 60 in the Senate | 10/16/2008 | See Source »

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