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...everyone is so gloomy. Barton Biggs, chief global strategist and longtime bear at Morgan Stanley, says the "lows should hold, but it will be scary." Richard Bernstein, market analyst at Merrill Lynch, expects the NASDAQ to drop to new lows. He sees the broader market avoiding that fate yet delivering subpar returns for the next few years. He and others are concerned that many stocks remain expensive relative to earnings. The S&P 500 trades at 28 times last year's earnings. A multiple of 18 to 20 would be normal coming out of a recession. Investors normally focus...

Author: /time Magazine | Title: Will Stocks Revisit 9/11 Lows? | 5/13/2002 | See Source »

Having cultivated an identity, the network rarely deviates from it. "The way to get into minds and living rooms is to make your network a brand, and that's what Lifetime does so successfully," says Tom Wolzien, a media analyst at the Wall Street firm Sanford C. Bernstein. Every show reinforces the brand image, whether it's the profiles of celebrated women on Intimate Portrait or original movies like Video Voyeur, based on a true story about a woman who discovers her churchgoing neighbor is a Peeping...

Author: /time Magazine | Title: The Lifetime Netowrk: What Women Watch | 5/13/2002 | See Source »

...past as being influenced by the Ivy League attitude wherein music could be intelligently discussed over cocktails and cigars, but never played by those same connoisseurs. Because Harvard was not seen as a vocational school, as conservatories were, it did not foster performers, but only stodgy academics. Leonard Bernstein ’39 said that, “At Harvard music was seen and not heard...

Author: By Julie S. Greenberg, CRIMSON STAFF WRITER | Title: Classical Act | 5/3/2002 | See Source »

...makes repeated use of a two-note falling motive, first used in the last movement of Das Lied von der Erde, which Mahler extends to form a three-note quotation from Beethoven’s Les Adieux piano sonata. These motivic constructions permeate every movement of the piece. Leonard Bernstein, in his 1973 Norton lectures here at Harvard, defined the symphony as a farewell to life, tonality and “our Faustian society.” There was no doubt, however, that the BSO’s concert was a lovingly performed farewell to Ozawa...

Author: By Anthony Cheung, CRIMSON STAFF WRITER | Title: Ozawa Bids Farewell | 4/26/2002 | See Source »

...exciting but never hurried tempo, culminated in an electrifying outburst at its conclusion. In between the faster fugato sections were heavenly trumpet solos. While the third movement showcased the brass, the strings came through in the last movement, sustaining the intensity of the long phrases until the very end. Bernstein described the final page of the symphony as “the closest we have ever come, in any work of art, to experiencing the very act of dying. The slowness of this page is terrifying.” As the final notes died out, an interval of silent, respectful...

Author: By Anthony Cheung, CRIMSON STAFF WRITER | Title: Ozawa Bids Farewell | 4/26/2002 | See Source »

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