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When asked what exactly had turned out to be wrong with the idea of buying up mortgage securities, Paulson launched into what seemed likely to become an in-depth explanation. But when he paused early on, a reporter interrupted with another question, and that explanation was over...

Author: /time Magazine | Title: Paulson: Near The Finish Line, And Looking Like It | 11/12/2008 | See Source »

...clothes for herself and her family. One aide described the behavior as “Wasilla hillbillies looting Neiman Marcus from coast to coast.” The governor’s irresponsible shopping spree highlighted the risks of putting a credit card in the hands of the wrong woman—and did little to dispel the preconception that all women are born shopaholics...

Author: By Claire M. Guehenno | Title: Forgetting Sarah Palin | 11/12/2008 | See Source »

...role of playmaker.“What we need from a returns standpoint, we need someone to really jump out and identify themselves as…a real threat as a returner,” Murphy said.In the meantime, the Crimson will have to keep hoping nothing goes wrong until Harvard and its coaches can figure it out. If they can escape over the next two weeks, it’ll be the second straight year that the Crimson has pulled a Houdini act in that phase.“Last year’s championship team...

Author: By Brad Hinshelwood, CRIMSON STAFF WRITER | Title: Special Teams Plague Harvard | 11/12/2008 | See Source »

...Antonio is the first in a new class of amphibious ships - blue-water buses - each of which carries 350 sailors and is responsible for ferrying 700 Marines and their gear to global hot spots. And the ship's sad plight represents in miniature all that is wrong with the way the Pentagon buys its weapons. The pattern of haste and waste accelerated in the Cold War's wake and simply exploded following 9/11. It highlights the challenge facing President-elect Barack Obama as he contemplates retooling an Industrial Age military - primed for state-on-state warfare - into the more agile...

Author: /time Magazine | Title: The Navy's Floating Fiasco | 11/12/2008 | See Source »

...training, Summers could begin guiding economic policy from his first day in office, a point that cannot be undervalued in this time of urgent economic peril.Like everyone else, Summers is not perfect. His manner can be brusque, and he does have something of a proclivity for saying the very wrong thing at the very wrong time. In short, he is not the consummate politician. But this is not the time to allow the narrative of one of our generation’s most talented economists to be dominated by a handful professional gaffes; the stakes are simply too high...

Author: By The Crimson Staff | Title: The Case for Larry | 11/10/2008 | See Source »

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