Word: feds
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DeLong and other friends of Summers speculate that the University president might be persuaded to leave Cambridge behind if he were offered the Fed chairmanship. But the ironic consequence of this year’s flap over Summers’ leadership is that—by dashing his own Fed prospects—Summers might have lengthened his tenure at Harvard...
Greenspan’s current four-year term as Fed chair doesn’t expire until January 2006—and in any event, Summers almost certainly would not be in the running for the post under a Republican president. Any impact that Summers’ January remarks might have on his Fed chair chances won’t become apparent until early 2010—and then only if the Democratic Party wrests control of the White House from the GOP in the ’08 race...
...CORN AND OTHER crops in Kentucky's hilly Amish country. As a member of the 2,300-strong Hopkinsville Elevator Cooperative, he is also part owner of the hottest new thing to hit town, Commonwealth Agri-Energy, an ethanol plant that started up a year ago in a stream-fed rock quarry a mile south of his land. The cooperative has a 94% stake in the $32 million plant, which has made an estimated $40 million in sales over the past year from ethanol and its by-products. Plant manager Mick Henderson says he expects that investors will get returns...
...also the objective that motivates any journalist. A reporter’s best work is not fed to them through press releases. It stems from their desire to answer their own questions, such as why some schools systems fail and others succeed, or why everybody is buying an iPod. A good journalist presents a new angle to a problem that some never knew existed...
...faces in cloud formations," she recalls. Eighteen months and 63 canvases later, McKenzie has painted up her own little universe, from street urchins to femme fatales, in a na?ve manner not unlike the Australian artist Joy Hester. It's a passion that feeds and is in turn fed by her acting. "It's allowed me to loosen the reins," McKenzie says. "Because I'm not demanding everything from the roles I play now ? It's just been a phenomenal discovery." And for audiences likewise...