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...Bush was stumped when asked to name some of his mistakes. Now, with four years to think about it, he's identified a few. Note to future Presidents: Don't stand under a banner declaring MISSION ACCOMPLISHED unless you're darn sure it has been. "It sent the wrong message," Bush explained at his final press conference. The event was equal parts wistful, wry, confessional and defiant. Set it to music and you'd have Sinatra...

Author: /time Magazine | Title: The Moment | 1/15/2009 | See Source »

...member remarks, "This is the Carnegie Hall for economists who are also comedians." For attendees, it's the biggest night of the conference: boisterous comic relief to end a week packed with enticingly titled seminars such as "Arbitrageur of Capital" and "Dynamics of Asset Returns and Liquidity." "Microeconomists are wrong about specific things, and macroeconomists are wrong about things in general," Bauman quips during his set. "Particularly having successfully predicted nine out of the last five recessions." It's funnier if you're familiar with the inherent tense dichotomy between micro- and macroeconomic schools of thought. With this crowd...

Author: /time Magazine | Title: Didja Hear the One About the Funny Economist? | 1/15/2009 | See Source »

...surrounding area, but how often do Harvard and its students take note of the headlines around them? With the long-term Allston construction underway we are now, more than ever, intertwined with Boston and its communities. An awareness of what’s right and what’s wrong in those communities must be developed. The law, and the patterns of citizen’s adherence to and breaking of it are constantly changing, and Harvard is affected on some level. From the legal treatment of narcotics to the rights of prisoners; from the safeguarding of a community...

Author: By Marcel E. Moran | Title: FOCUS: Massachusetts and Boston Crime | 1/15/2009 | See Source »

...deeper into our hole. It's a bit galling to hear Republican leaders warn that Obama wants to spend money borrowed from our children when their own appetite for pork and tax breaks helped double the debt during the Bush years, but their hypocrisy does not make them wrong. If we're going to spring for another trillion, we need real returns on our investment...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

...other misguided energy technologies would be worse than inaction. With apologies to Keynes, incentives to "build houses and the like" could help inflate the same bubble that burst last year. And infrastructure spending has been one area where Congress has consistently exhibited an impressive bipartisan determination to do the wrong thing...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

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