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...that Bernanke has gotten us past the crisis, inflation hawks and doves alike are trashing him for unbalancing the Fed's "dual mandate" to stabilize prices and maximize employment. The mostly right-leaning hawks rail about Helicopter Ben, Zimbabwe Ben and the Villain of the Year, whose cheap printed money is driving us to hyperinflation. It's true that Bernanke drove interest rates down to zero and tripled the Fed's balance sheet to avert a depression; he has also bought more than $1 trillion worth of mortgage-backed securities to lower mortgage rates, boost housing prices and pull...
...would bin Laden claim credit for a failed attack? The point of terrorism is to carry out your threats - that's what terrifies people. Take Lebanon's Hizballah, an organization whose early days were steeped in terrorism: it made a point of never botching an attack, bombing or kidnapping. So when Hizballah said it was not going to stop until it drove the West out of Lebanon, that threat carried a lot of weight. And the credibility of Hizballah's threat convinced U.S. President Ronald Reagan that Lebanon was lost, which prompted him to withdraw the Marines who were stationed...
...Wall Street guy. This is just wrong. Bernanke is a Main Street guy, a middle-class kid from small-town Dillon, S.C., whose father actually owned a pharmacy on Main Street. He has never worked on Wall Street. He's an academic who studied the Depression and learned how financial panic can lead to economic calamity. He bailed out bankers not to reward their bad behavior but to prevent that bad behavior from crippling the global economy. It's not his fault the markets like him. (See why TIME chose Ben Bernanke as Person of the Year...
...Burt, whose course offerings for the spring semester include an English seminar on 21st century American poetry, said that his interest in contemporary poetry is two-fold...
Winthrop students, whose House is located right on the Charles, are probably most susceptible to the river's call. So as a preemptory safety measure, Winthrop’s resident dean sent the following e-mail to his house. It is written with wit—but not in jest...