Word: summoning
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...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 as soon...
This same idea was echoed in President-Elect Barack Obama’s acceptance speech last Tuesday: “It can’t happen without you, without a new spirit of service, a new spirit of sacrifice. So let us summon a new spirit of patriotism, of responsibility, where each of us resolves to pitch in and work harder and look after not only ourselves but each other.” Men and women constantly grapple with the imperative to serve their country, for better or for worse. It is worth examining the reasons for making that choice...
...girls at once, ensuring listeners he hadn’t lost a step even when he said he had. In place of the old, rough-edged attitude is a set of wistful regrets—mostly about relationships gone bad. Keith finds a striking number of ways to summon sorrows about women: in “Missing Me Some You,” it’s the pains of separation; in “She Never Cried In Front of Me,” it’s the discovery of missed signals (the title says...
Mark Rothko is the great thundercloud of 20th century American painting, a man who struggled to find a way for mere pigment to summon immense reservoirs of feeling, and who took his own life when the struggle proved too much. This is why one of the most baffling episodes in Rothko's story has to do with the Seagram murals, a suite of vast, brooding canvases he produced for Manhattan's sparkling Four Seasons restaurant. Rothko was an artist who could say, and mean it: "The sense of the tragic is always with me when I paint." And the Four...
...talk seemed unable to summon much emotion, saying they remained in the dark about the firm's future. "We don't know what happens on the [executive floors]," says a 31-year-old analyst. After two years at Lehman, he arrived at work Monday morning without any idea of what might happen beyond what he read in the Wall Street Journal. "The really top execs screwed up very badly," he says. "They wouldn't admit defeat. They were macho. Absolute power corrupts absolutely - that kind of thing." Asked whether management had made any announcements on the firm's next steps...