As the negotiations over the fiscal cliff continue, President Barack Obama has insisted on retaining the Bush tax cuts for the middle class, while letting the cuts for the wealthy lapse. Republicans have insisted that raising taxes on the rich would cost jobs – as many as 700,000, according to House Speaker John Boehner. Obama, for his part, says that a tax increase would not cost jobs; that it would help the economy by reducing the deficit; and that it would be fairer than imposing new taxes on the middle class.
THE DEFINING MOMENT in Paul Fussell’s long life (1924–2012) occurred on March 15, 1945, in eastern France when shrapnel from a German shell tore into the young lieutenant’s back and thigh. Next to him, his platoon sergeant, Edward Hudson, was killed. Thirty years later, in 1975, Fussell published The Great War and Modern Memory, a defining moment in his career as a writer and critic and in our understanding of the place of war in modern society and consciousness.
The hottest topic in economic development theory right now is the role of institutions.
In May 2007, when Barack Obama was but an upstart challenger of Hillary Clinton, he attended a gathering of several dozen hedge fund managers hosted by Goldman Sachs at the Museum of Modern Art in New York. It was not a fund-raiser, just a chance for Obama to introduce himself to the investment wizards who had helped turn the hedge fund sector into the most lucrative and alluring corner of the financial universe. And the first question for Obama was as blunt as one would expect from this crowd.
Rutgers basketball fans are furious: Or at least, they would be furious if there were any Rutgers basketball fans. That is some epically bad officiating.
In the era of Facebook and YouTube, it’s often said that privacy is dead. The recent suicide of Tyler Clementi seemed only to reinforce this conclusion. Clementi, an 18-year-old Rutgers student, killed himself after his roommate secretly webcast his dorm-room intimacies and publicized the livestream on Twitter. (“I went into molly’s room and turned on my webcam. I saw him making out with a dude.
Memphis Shubert Theatre Million Dollar Quartet Nederlander Theatre Anyone in denial about the demise of the record business will find on Broadway these nights proof of death more conclusive than the disappearance of music stores from the malls or the elimination of DJs from radio stations. Two musicals staged this year—Memphis, which won the Tony Award for Best Musical, and Million Dollar Quartet, which is set in the same city in the same period and deals with many of the same themes—verify the extinction of the old-school music industry by showing it to exist now solely as sentimental myth.
We’ve long liked the Department of Energy’s new Energy Innovation Hubs program, with its resemblances to our energy discovery-innovation institutes idea.
New York’s new senator, Kirsten Gillibrand, is a very ambitious politician. Just months after deposing a four-term GOP incumbent in 2006, she raised nearly $700,000--more than any other freshman legislator. As a sophomore in the House, she attempted to bypass more senior members for a seat on the coveted Ways and Means Committee. And she lobbied intently for the Senate appointment. “[H]er eye has been on that prize for a long, long time,” Jonathan Schiller, a founding partner of Boies, Schiller & Flexner LLP, where Gillibrand worked as a partner, told the New York Observer.
David Greenberg is a professor of history and media studies at Rutgers and a contributing editor to The New Republic. Despite what you may have heard, there is nothing slow or delayed about Hillary Clinton's decision to wait until Saturday to formally concede the Democratic nomination--at least as a historical matter.