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Federal Reserve Chairman Ben S. Bernanke ’75 supports the practice, but at a conference at the Federal Reserve Bank of Boston, Summers advised against adopting strict rules given the changing global economy. β€œTo straitjacket monetary policy would be quite unwise,” Summers said...

Author: By Nicholas M. Ciarelli and Javier C. Hernandez, CRIMSON STAFF WRITERSS | Title: Quietly, The Summers Era Ends | 6/30/2006 | See Source »

...apparently not as interesting as all that: Devine, Bob Shrum and Mike Donilon fitted Senator John Kerry for a similar straitjacket in the 2004 campaign. In some ways, the Kerry campaign was even worse. After all, the Senator was a student of politics. He had spent his entire life hankering for the presidency. And then he proceeded to make precisely the same mistake as Gore, allowing himself to be smothered by his consultants. Perhaps the worst moment came with the Bush Administration torture scandal: How to respond to Abu Ghraib? Hold a focus group. But the civilians who volunteered...

Author: /time Magazine | Title: Pssst! Who's behind the decline of politics? [Consultants.] | 4/9/2006 | See Source »

...with swords practically welded into their scabbards. Yes, China is on a trajectory like the one that ended the careers of Imperial Japan and Germany. But history need not repeat itself. There is a resilient web of common interests between the U.S. and China that acts like a straitjacket on their strategic competition. Moreover, there are the lessons of history. Yesterday's would-be supremacists were so reckless because they did not know the price of miscalculation: the eventual obliteration of Berlin and Tokyo. Today, nuclear weapons have increased the price a hundred-fold. The Chinese know...

Author: /time Magazine | Title: Getting Rich, But Not Rowdy | 4/9/2006 | See Source »

...first Americans, however, this idea is open to vigorous debate. The Clovis-first theory is pretty much dead, and the case for coastal migration appears to be getting stronger all the time. But in a field so recently liberated from a dogma that has kept it in an intellectual straitjacket since Franklin Roosevelt was President, all sorts of ideas are suddenly on the table. Could prehistoric Asians, for example, have sailed directly across the Pacific to South America? That may seem far-fetched, but scientists know that people sailing from Southeast Asia reached Australia some 60,000 years...

Author: /time Magazine | Title: Who Were the First Americans? | 3/5/2006 | See Source »

...young black pilot crashes during a training flight. When an old, poor black man and his son come across the crash site, the pilot feels "cut off from them by age, by understanding, by sensibility, by technology." Later, a white landowner has the pilot taken away in a straitjacket, figuring any black man who dares to fly must be crazy. Reaching great heights requires personal and cultural risks. These stories soar...

Author: /time Magazine | Title: BOOKS: FLYING LESSON | 10/20/2005 | See Source »

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