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...Christina Romer, the chairwoman of the President's Council of Economic Advisers, made the mistake of providing a more optimistic baseline last January - a forecast in which unemployment peaked at 9% without the stimulus bill and stayed below 8% with it. (See who's who in Barack Obama's White House...

Author: /time Magazine | Title: The Stimulus Spending Bill: Is It Working at All? | 11/2/2009 | See Source »

Unemployment has of course passed both those mileposts and is probably still rising. ("I have noticed," Bernstein says dryly.) This overshoot says more about the inadequacy of economic-forecasting models than about the efficacy of the stimulus. But the White House cites these same kinds of models in claiming that the stimulus added between 2 and 3 percentage points to economic growth in the second quarter and 3 points in the third quarter. This may be correct as far as general direction - my unscientific assessment (a.k.a. guess) is that it is - but the exact numbers are probably bunk. (Read...

Author: /time Magazine | Title: The Stimulus Spending Bill: Is It Working at All? | 11/2/2009 | See Source »

...months later, even as he moved to curb bailed-out execs' pay, banks are on track to pay employees a record $140 billion this year. Andrew Hall, a star trader at Citi's commodities unit Phibro, made headlines for what could be a $100 million payout. "Frustrating," said White House chief of staff Rahm Emanuel with a sigh, appearing on CBS's Face the Nation...

Author: /time Magazine | Title: Brief History: Executive Pay | 11/2/2009 | See Source »

...doubles play, sophomore Mac McAnulty and Kiymaz fell in the first round to Brandeis duo Steven Nieman and Nick White, 8-2, while Hayes and Mangham reached the semifinal round before being overcome by Freeman and Malizia of Dartmouth...

Author: By B. marjorie Gullick, CONTRIBUTING WRITER | Title: Play Continues Despite Hampered Lineup | 11/2/2009 | See Source »

...divorced, so now I’m getting revenge,” Pena said, with her face covered in white and black paint...

Author: By Zoe A.Y. Weinberg, CONTRIBUTING WRITER | Title: For Kids, Treats No Trick | 11/2/2009 | See Source »

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