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...fourth quarter and perhaps 3% or 4% in the first three months of next year as a result of a squelching of credit by banks and a crushing plunge in consumer spending. Those factors have convinced Obama that if he is going to have any sort of presidency worth its name, he must take decisive action now. "With our economy in distress," Obama said, "we cannot hesitate, and we cannot delay...

Author: /time Magazine | Title: Jump-Starting the Obama Presidency | 11/26/2008 | See Source »

...find ourselves now in a golden age of obsessive acquisition. We watch Antiques Roadshow and mentally inventory the attic, troll the tag sales, join the National Toothpick Holder Collectors Society. Once treasures were prized for their scarcity, but now mass production creates mass disposal and the chance to find worth in the weird and worthless: bottle caps and matchbook covers, swizzle sticks and toilet seats. (There's a toilet-seat-art museum in San Antonio, Texas.) Since objects of desire tend to hold some special meaning, they let people connect with the instant intimacy of shared fixation. If you doubt...

Author: /time Magazine | Title: Barack Obama, and the Rush For Election Souvenirs | 11/26/2008 | See Source »

...prone to human error.' GINGER KERRICK, NASA flight director, after an astronaut lost hold of a tool bag worth nearly $100,000 during a space walk...

Author: /time Magazine | Title: Verbatim | 11/26/2008 | See Source »

...investments in environmental initiatives despite the tightening University budget, Harvard administrators announced at an event in Sanders Theatre yesterday. Over the last two years, the Faculty of Arts and Sciences has reduced its emissions by 8,300 tons of carbon dioxide—an improvement they say is worth the financial costs. “These are quite challenging times for the University and Faculty of Arts and Sciences,” said FAS Dean Michael D. Smith. “Despite all of the trouble, it’s clear that much good can come from learning...

Author: By Natasha S. Whitney, CRIMSON STAFF WRITER | Title: Harvard To Maintain Green Commitment | 11/26/2008 | See Source »

...human rights violation and do little to address Papua's high infection rate. "Two wrongs do not make a right, and the plan to implant HIV people with microchips is definitely wrong," says Elisabeth Pisani, an epidemiologist and former AIDS researcher in Indonesia. "This sort of nonsense is hardly worth commenting on from a public health point of view, but I think it might give pause for thought to those who are pushing rapid decentralization and local democracy as a development model [in Indonesia...

Author: /time Magazine | Title: Papua Proposal: A Microchip to Track the HIV-Positive | 11/26/2008 | See Source »

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