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...former chairman of the Federal Reserve Board famously described his job as "taking the punch bowl away just when the party is getting good." Current Fed chief Ben Bernanke wishes it were so. With stock markets around the world reeling, and with a deep housing slump in the United States crippling growth in the world's largest economy, Bernanke's Fed is now frantically ladling the punch out - even though almost everyone already has a brutal hangover. The Fed's surprise January 22nd rate cut - it slashed its key interest rate three quarters of a percentage point, and signaled that...

Author: /time Magazine | Title: World Markets Catch a US Cold | 1/23/2008 | See Source »

...rising chances of recession this year, President Bush is readying a $150 billion stimulus package that will include tax rebate checks to a large swath of American taxpayers. And while election year politics rarely produce bipartisan progress, with the economy sputtering and even the staid Fed chief Ben Bernanke supporting the idea of an immediate cash infusion, Bush's arch-enemies on the Hill are backing his proposal...

Author: /time Magazine | Title: Comity in Congress — for How Long? | 1/21/2008 | See Source »

...theme-parky enough.) Disney's latest offering - The Little Mermaid, based on Disney's 1989 animated hit, which opened at Broadway's Lunt-Fontanne Theatre last week - has received the usual fusillade. "Washed Up on Broadway," and "Run for the Lifeboats," ran the New York tabloid headlines. The Times' Ben Brantley, the Scar of the grump brigade, said he "loathed" the whole wretched thing, including even the one aspect of Disney shows that usually wins a grudging cheer, its scenic design. "The whole enterprise," the Times critic sniffed, "is soaked in that sparkly garishness that only a very young child...

Author: /time Magazine | Title: The Little Mermaid: In Defense of Disney | 1/16/2008 | See Source »

...Demokos (Ben C. Cosgrove ’10), the ancient president of the Trojan Senate, provided much needed comic relief—and a reminder that human folly ultimately governs the play. And compared to the fatuous Helen, Andromache (Courtney G. Bowman ’11) and Hecuba (Caitlin Lowans) gave compelling performances as paragons of strong and virtuous women who desire peace and stability for their children above all else...

Author: By Eric M. Sefton, CRIMSON STAFF WRITER | Title: ‘Trojan War’ Has Argument For Peace | 1/14/2008 | See Source »

TIME: You've done Broadway, movies and TV, but this is really a great breakout role. RYAN: You're right. An actor can only be as good as the writing, and I really lucked out with this incredibly well written part that Ben and Aaron adapted from Dennis Lehane's novel. I knew when I read the script: this is so rare. I thought, "there is not a chance in hell I'll get this part." I thought, "there are too many incredible actresses of note ahead...

Author: /time Magazine | Title: Q&A: Amy Ryan | 1/12/2008 | See Source »

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