Word: ben
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Next month's party will look to build on the success of last spring's inaugural Yardfest, which featured piano-pop virtuoso Ben Folds and drew thousands of undergraduates to the historic green between Memorial Church and Widener Library...
...praised but to be condemned. Among the doom crowd, Greenspan's decision to slash interest rates as the stock market plummeted in 2001, which fueled the last leg of the real estate boom, is seen as his gravest error. Despite his raising rates since then, Greenspan's successor Ben Bernanke is if anything even more reviled. His sin was committed in 2002 when, as a member of the Federal Reserve Board but not yet its chairman, he declared that among the tools the Fed had at its disposal to fend off deflation was one that he termed equivalent...
...Bernanke-Greenspan point of view is that averting Great Depression--style financial meltdowns by opening the federal monetary spigot is a good thing. The doom guys (who usually refer to Bernanke as "Helicopter Ben") argue that this is short-sighted. Without occasional, and painful, unravelings of debt and speculation, debt and speculation inevitably get out of hand. It's a stark, almost Puritan way of looking at the world, and it has been out of step with economic reality for the past quarter-century. But that doesn't mean it always will...
...there was really a plague of frogs in Louisiana (as happens in The Reaping), wouldn't they just have a big Cajun frog-leg barbecue? -Ben Buckner from Irvine...
...having a lot of Yardfest-related prizes and giveaways,” he said. Although Drake and the CEB have chosen the Yardfest musical performer, the announcement will not come until the week after spring break, Drake said. Last year’s Yardfest, headlined by Ben Folds, drew more than 7,000 people, making it the largest gathering of undergraduates in Harvard Yard’s history. —Staff writer Aditi Banga can be reached at abanga@fas.harvard.edu...