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...loans to builders are a big concern for local banks, and Robson worried that foreclosures on residential real estate developments would continue if no help arrives. What's more, no one is predicting that the economic stimulus will put the job market in the positive category anytime soon. The White House predicts the stimulus bill will create about 200,000 jobs a month for the next three months. That would be a significant jump from the 50,000 jobs or so it has created for each of the past three months. But it is still far less than the roughly...

Author: /time Magazine | Title: A Biden Show-and-Tell: How the Stimulus Has Created Jobs | 6/3/2009 | See Source »

...With a philosophy this black and white, military metaphors couldn’t be more apt. And Carens uses them enthusiastically: the administration is “basically attacking workers,” University leadership is “coming after us” in an organized “offensive,” and workers need to combine forces with their “natural allies.” In Carens’ eyes, the Harvard Corporation—a well-oiled enemy with superior weapons and hometurf advantage—is determined to hold onto its fat paycheck...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Amid Crisis, Workers Defy Union Image | 6/3/2009 | See Source »

Richard E. Neustadt, the founding director of Harvard’s Institute of Politics, was fond of saying that the power of the Presidency is the power of persuasion.Of course, the late White House adviser meant the U.S. Presidency, but without the trappings of the American executive branch, a standing army, or a multi-billion dollar budget, leadership on the Undergraduate Council perhaps offers at least an equally compelling proof of Neustadt’s thesis.Persuasiveness was a trait clearly prized by last year’s UC leader Matthew L. Sundquist ’09, a habitual social networker...

Author: By Eric P. Newcomer, CRIMSON STAFF WRITER | Title: Presidential Power? | 6/3/2009 | See Source »

...present age, we have experienced again the consequences of unchecked, one-party dominance. From 2001-2007, Republicans controlled both Houses of Congress and the White House. At the height of its power, following the 2004 elections, Republicans had a 55-seat Senate majority and a 232-seat House majority. Some party leaders got carried away and pursued policies that grew their own power at the expense of American taxpayers. Their unlimited power led to runaway spending, an explosion in obscenely wasteful and parochial earmarks, a lack of transparency, and once again corruption that sent several members of Congress to court...

Author: By Pat Toomey | Title: The Danger of One-Party Rule in Washington | 6/3/2009 | See Source »

...most taxpayers, this was a sad turn of events. For years, Republicans sought political power so they could implement the kind of limited-government reforms they claimed to stand for. But when they finally got their hands on the Senate, House, and White House, some in the GOP abused that power...

Author: By Pat Toomey | Title: The Danger of One-Party Rule in Washington | 6/3/2009 | See Source »

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