Word: eighting
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...tribute to Leonard Bernstein performed by the China Philharmonic, a globally competitive orchestra that pushed aside the government symphony in 2000 and that Long himself was tapped to lead. Just days after the 2008 festival ended, Long traveled to New York City, where the Bernstein performance was shown on eight giant screens in Times Square, just blocks from the spot where Bernstein's West Side Story had its Broadway premiere more than half a century earlier. Next year's BMF is already being planned, and Long is looking at other long-term projects, including a collaboration with Israel and Germany...
...Richard Berner, chief U.S. economist for Morgan Stanley, writes, "The ultimate bastion of defense against deflation is a Fed committed to avoid it at all costs." And that's what we have. Study of the Japanese experience became something of a cottage industry for Fed researchers over the past eight years, and the Fed has responded accordingly: lending directly to banks, backstopping the commercial-paper market (which companies use to raise short-term money), trying to bring yields on both long- and short-term maturities down. Further, Fed chairman Ben Bernanke went out of his way recently not to object...
...need for universal health insurance and a more aggressive global-warming policy." Instead of continuing to push, Klein came off as merely pulling the Obama wagon toward the presidential finish line. Please, Mr. Klein, we finally have in Obama the grownup we've been missing for the past eight years. Question him like one! My stomach simply can't take being force-fed any more leadership that is, shall we say, half-baked. Kelly McLaughlin, New Haven, Conn...
...Still, it could have been worse. After eight ugly years of AIG, WMDs, Abu Ghraib, Enron, Blackwater, freedom fries, yellowcake, record deficits, Fannie and Freddie and Brownie, Mark Foley and Duke Cunningham and Tom DeLay, the Republican Party should qualify for a bailout. Retiring GOP Congressman Tom Davis memorably declared that if Republicans were a dog food, they'd be pulled off the shelves. Their usually well-funded candidates were badly outspent this cycle, but they've survived to fight for more kibble in the future. (See the screwups of Campaign...
...baby-boomer battles of the past 40 years; the culture wars that took us prisoner and cut us off from what we have in common; the tribal warfare between rich and poor, North and South, black and white; and the illusion, if anyone still harbored it after the past eight years, that what happens in Washington does not affect what happens everywhere else...