Word: martinizing
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Dates: during 2000-2000
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...chief has said he does not target stock prices. But he has also said stock prices have a lot to do with inflation, which he targets daily. Justin Martin, author of Greenspan: The Man Behind Money (Perseus; 284 pages; $28), neatly points out that this is "a rather too fine distinction." But he spends even less time than Woodward probing the matter and then mysteriously concludes that such a strategy wouldn't work anyway. Millions of people have come to believe that Greenspan purposely moves stock prices. They're wrong, according to both authors. Yet we get no proof...
...Martin's Greenspan is a better read. A former FORTUNE writer, Martin gives us a real biography, one that winds through Greenspan's geeky youth (band, glee club, math nerd) to his stint as a professional clarinet player and time spent in the inner circle of author Ayn Rand, and then to his advisory role with Presidents Nixon and Ford. Along the way we learn that Greenspan is yet another powerful political figure who was in the room but didn't inhale, and that as a child he was terrified of the movie Frankenstein. We also get plenty of quotable...
...that light it's good to have both works. Woodward picks up where Martin stops. That two books can look at the same figure with little overlap and leave readers thirsting for more testifies to Greenspan's immense stature. He moves markets with a sneeze, and so takes pride in being the king of obfuscation. These books help us know him better, but we still have...
...anything/ In the worl'.") to sleek 46th-floor dining rooms of the TIME-LIFE Building, where he met with editors and writers preparing cover stories about him. Jackson has many speaking voices - from hard street (almost incomprehensible to the white ear) to a high, southern-preacherly eloquence (school of Martin Luther King Jr.) to the most sophisticated corporate mellowspeak, as smooth and fancy as Harvard. He speaks these various styles of English with virtuosity - a repertoire that ranges from unlettered field hand to articulate overlord...
...that more blacks than whites regard Jackson as a threadbare old charlatan. (One may remember that Martin Luther King Jr. at the time of his death had come to be regarded somewhat dismissively in the black community; they called him, satirically, "De Lawd...