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When you talk about experience plus change, you have to begin with the best political columnist in America, Joe Klein. This is his ninth presidential campaign, and from his energy and enthusiasm, you'd think it was his first. In addition to his weekly column in the magazine, In the Arena, Klein is a prolific blogger on TIME.com's Swampland. That's where our political team can break news, gossip about new polls or commercials and do explainer videos. The Swampland cast includes national political correspondent Karen Tumulty, who is covering her sixth presidential campaign; Washington bureau chief Jay Carney...
...bother voting, made their way to the polls and carried Clinton to victory. Obama got 37%, just as the polls projected. But the mantra of change that had turned seasoned journalists into giddy ballerinas in the days after Iowa did not win over the supporters of recently departed candidates Joe Biden and Chris Dodd, most of whom cast their ballots for Clinton. She got 40% instead of 30%, and Obama's lead disappeared, her fortunes revived, and both sides now have to plan for a campaign whose only certainty is uncertainty...
...Yale previously targeted an endowment payout rate of 5.25 percent and Harvard currently aims for 5 percent, but both universities consistently fall short of those goals. “We always aim for 5 percent, but we also have to be cautious,” said Harvard spokesman Joe Wrinn, citing the volatility of endowment growth. Harvard’s payout from its endowment has met its 5 percent goal only once in the last decade, in 2003 when investment returns dipped to 12.5 percent, the lowest rate of the past five years. Proponents of a 5 percent mandate note...
...Iowa caucuses and New Hampshire primary. This cycle more than 20 states will hold primaries on February 5, picking 2,075 convention delegates - or 51% of those needed to win the nomination. "Once this thing gets down to two the press always spend more time on the alternative," said Joe Trippi, a senior advisor to Edwards. "Look at Jerry Brown and Bill Clinton. Once it got down to two, Jerry Brown started kicking Bill Clinton...
...only thing you can conclude after tonight is that this is going to be one long, drawn-out process," said John Edwards' strategist Joe Trippi, in one of the evening's few moments of clarity...