Word: chicago
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...rules, the simpler the better. I first encountered this argument last fall in the work of left-leaning blogger Matthew Yglesias--he advocated "crude measures" like the old ban on interstate banking. Lately, though, I've been hearing similar suggestions from those of a conservative, University of Chicago bent. "When you give a lot of discretion to regulators, they don't use the tools that are given to them," Chicago economist Gary Becker said at a conference this spring. His prescription: rules, not leeway...
...antidiscretion case has been made for years with regard to Federal Reserve monetary policy. Becker's Chicago teacher Milton Friedman thought that instead of tweaking interest rates, the Fed should just automatically increase the money supply 3% to 4% a year. Measuring the money supply in an era of financial innovation has turned out to be awfully hard, so in recent years believers in an automated Fed have turned to an equation concocted by Stanford economist John Taylor that takes in inflation, current economic growth and long-term-trend growth and churns out a suggested Fed interest-rate target. Taylor...
...other forms of financial regulation, many conservatives long thought that few, if any, were needed, but the crisis has changed some minds. Alan Greenspan's famous October admission that his antiregulation ideology had failed was a landmark on this front. Federal judge and Chicago Law School professor Richard Posner's new book, A Failure of Capitalism, is another. In it, Posner fingers financial deregulation as a major cause of the crisis. He's less clear about what we ought to do now, although one of his suggestions very much fits the crude-measure standard: we should consider raising income taxes...
...have him as portrayed by Johnny Depp, a very inward guy who offers glimpses of being gregarious. Getting that inner turbulence across was a challenge. The one thing about the script that intrigued me was the collision between the rural Dust Bowl and the new, shining, amazing city of Chicago, with all that amazing architecture. You can almost imagine Steinbeck's America, Grapes of Wrath, in stark contrast with the high fashion of Chicago in that period. So the music in that way had a dual origin. (Read TIME's interview with A.R. Rahman, Slumdog Millionaire maestro...
...Othello is going to be premiering, ironically enough, in Chicago this fall at the Joffrey. It had its world premiere in New York years ago and then went to San Francisco and Paris. Lar Lubovitch is a wonderful choreographer, and we worked very closely together. The thing I had to learn was how dancers are athletes - only choreographers can really appreciate how long you can sustain a musical passage for a dancer onstage. Othello is a big challenge, one of the few if not the only commissioned American ballet to be in three acts. Given that it's a full...