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...interview with the Wall Street Journal, University of Pennsylvania President Amy Gutmann ’71 explained that “the Sputnik era didn’t come because a lot of idealists said we had to be better. It came because there were idealists as there are today who said we’re in trouble as a country, we have to compete against the Russians. We have to compete today against the Chinese and Indians who are graduating tens of thousands more very talented science, math, and engineering graduates from their colleges.” The success...

Author: By Anthony J. Bonilla | Title: Rocket Science | 11/3/2009 | See Source »

...reality-TV era has unstable behavior become a valid career choice. Only now are questionable parenting decisions the stuff of a lucrative family business. Say whatever you want about Jon and Kate Gosselin, their divorce proceedings entail numbers with a lot more zeroes than your typical young Pennsylvania family encounters...

Author: /time Magazine | Title: Balloon Boy's Lesson: The New American Dream | 11/2/2009 | See Source »

...Succeeding is going to take all the smarts that earned the Brooklyn-born son of an exterminator a 1600 on his college SATs and the political wiles that, as head of the Democratic Senatorial Campaign Committee, helped him recruit pro-life, pro-gun Democratic candidates such as Pennsylvania's Bob Casey and Jim Webb of Virginia. For the past month, Schumer has been directing a full-court press on the public option, cajoling Reid both in private and in public. "I believe Leader Reid is leaning strongly to putting a level-playing-field, state-opt-out public option...

Author: /time Magazine | Title: Can Chuck Schumer Push a Public Option Through? | 11/2/2009 | See Source »

...rough road ahead. The committee's ranking Republican Spencer Bachus of Alabama attacked the bill for a lack of transparency, saying he opposed plans to keep secret which banks were subject to the new powers sought by the Administration. A top committee Democrat, Paul Kanjorski of Pennsylvania, said he feared the bill's accumulation of executive-branch power. Regulators are also sniping. At Thursday's hearing in the House, Federal Deposit Insurance Corporation chair Sheila Bair said the Administration's plan didn't give enough power to regulators. Graybeards like Paul Volcker have been calling for greater constraints...

Author: /time Magazine | Title: Geithner Leads a Fresh Charge on Financial Reform | 10/30/2009 | See Source »

...were a white collar Delphi retiree, I'd be over the moon with rage. Ditto if I'd been a steelworker in Pennsylvania whose health care and pension were eviscerated when Bethlehem Steel failed. If I worked at one of the 106 nongiant banks that the government has allowed to fail this year, throwing thousands of people out of work, I'd be furious at the government for saving the big insolvent outfits but not mine...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

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