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...benefit from our footing in the war on terror, citizens of Iraq and Afghanistan will enjoy lives of freedom, and millions of Africans will live without disease because of President Bush. Indeed, President Bush has had a steady hand in turbulent times, possessing the courage and fortitude to make difficult and unpopular decisions. He sought the best for America, not the praise of the liberal media, and that will vindicate his presidency.Caleb L. Weatherl ’10, a Crimson editorial writer, is an economics concentrator in Currier House. He is President Emeritus of the Harvard Republican Club...
...Crimson, and rookie Walter Peppelman notched a fall to give Harvard its first victory of the season over a talented Stanford squad. The six-point forfeit deficit proved crucial in three- and eight-point losses to Cal Poly and Minnesota.Freshman Spencer Desena (2-5) bounced back from a difficult Midlands performance to notch a decision against the Mustangs, and Picarsic (2-1) earned his second victory of the day, but winning five of 10 bouts could not stave off defeat for the Crimson.Despite a nine-point deficit to open the final match, Harvard led the Golden Gophers through eight bouts...
...Bears were corralled into shooting just 17-of-37 from the floor after the break and 26-of-64 for the game. “We did a real good job taking their offensive plan away from them,” Pusar said. “We made it difficult for them to pass the ball around the perimeter, and it was quite uncomfortable for them,” he added. —Staff writer Ted Kirby can be reached at tjkirby@fas.harvard.edu...
...Treasury worsened the situation by increasing the liquidity of the financial sector through its bailout. However, the greatly enhanced lending capacity of depository institutions has not yet reached the money supply, as evidenced by the tremendous level of excess reserves. When it does, the Fed will find it difficult indeed to summon the political will, or find the ability, to soak up all this excess liquidity. Recessions ordinarily lead to deflation or disinflation, which increase the real value of assets and act to end the recession by fostering spending. This natural and necessary corrective mechanism will be thwarted by inflation...
...Gaza. By striking Gaza now, Israel has pushed the conflict with the Palestinians back to the top of the priorities facing the Obama Administration. Israel's offensive in Gaza will provoke an upsurge in hostility on the streets toward the U.S. and Israel from Lebanon to Pakistan, making life difficult for those inclined to cooperate with Washington (foremost among them, the Palestinian Authority of President Mahmoud Abbas) while offering an opportunity to U.S. foes to improve their own standing in Arab and Muslim public opinion. President Obama will take office with the Israeli-Palestinian issue once again clearly functioning...