Word: alanes
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...also get word on the housing sector via housing starts. Barron?s frontman Alan Abelson got stomachs clenched everywhere this weekend by declaring an imminent bubble in the sector everybody thanks for keeping consumers spending this long. Then it turned out he was just talking about homebuilding stocks like Centex shedding a few bucks "in the years ahead." Not to denigrate the value of that (probably accurate) insight to Centex investors or other housing-watchers, but we?ve got bigger, more imminent fish to fear. Also Thursday: Weekly jobless claims, and a fresh four-week rolling average that will hopefully...
...musical performances...come to think of it, kind of like watching the music-TV network itself these days. Even TOMMY LEE slurping host CARSON DALY's stubbled puss wasn't a shock--Lee did Puffy Combs at the MTV Movie Awards in June. The five original VJs-- from left, ALAN HUNTER, MARTHA QUINN, J.J. JACKSON, MARK GOODMAN and NINA BLACKWOOD--tried to get into the spirit, with only partial success. Said Blackwood, a radio host in Denver, of MTV now: "It doesn't hold my attention. I'm thinking, 'Who in the world is watching this stuff...
...will probably spot Mrs. Kennedy at its center. It was she who invoked Camelot as the symbol of her husband's Administration in the days after his death. In her grief, she summoned a worshipful journalist, Theodore White, and told him that her husband loved the musical Camelot, by Alan Jay Lerner and Frederick Loewe, and would play the title song as he fell asleep at night. No one knows whether this is true--Lerner, a lifelong friend of Jack Kennedy's, doubted it--but White, in a touching piece for LIFE, duly conveyed to the country her vision...
...radio and TV personality with cutting-edge musical tastes who produced the influential John Peel radio show Top Gear in the 1960s and '70s, which gave debuts to Jethro Tull, King Crimson and Tyrannosaurus Rex; in Oxted, U.K. Prior to joining the Beeb he played trumpet with the Alan Price Set, founded by the former Animals keyboardist. DIED. FANNY BRENNAN, 80, French-born American surrealist painter whose childhood was spent among the international artistic circles of 1920s Paris; in New York City. As a young artist she had her portrait drawn by Alberto Giacometti and taught Pablo Picasso...
...good news is that Alan Greenspan, if he?s so inclined, should have absolutely no reservations about cutting short-term interest rates August 21 when the Fed meets again, and his seventh cut of the year should bring the Fed funds rate down another quarter-point notch to 3.5 percent, or - if he wants to scare us - 3.25 percent. The bad news - and this is the least certain, mind you, of the bad news we got this week - is that some folks are starting to make noises about? DEFLATION...