Word: heard
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Over the past few months, we have heard banker after Wall Streeter after mortgage lender declare that market conditions are the worst since they got into the business. Some go even further. "The worst market crisis in 60 years," pronounced investor George Soros. "The worst financial crisis since 1931," declared a top German regulator. "We have not seen a nationwide decline in housing like this since the Great Depression," said the CEO of Wells Fargo...
...Nader is running again this year, for the fifth consecutive time, and he tells me over the phone he's shocked that the hate is still so strong. Liberal bloggers are saying incredibly mean things about him, or so he's heard. "The venom, looking at the blogs and e-mail responses to the newspaper articles, I'm told--I'm really not online; I have an Underwood typewriter--but I see letters. And it's really sad. It would match e-mail for e-mail the worst Jim Crow remarks in the South against African-American voters...
...even if he can't do it right, I'm still glad he's running. It's important for people who feel they're not being heard to have the option to vote for insane, incapable candidates. Only new parties can break us out of dangerous paradigms. It was a recently formed third party that got rid of slavery, after all. That's because a two-party system is designed to eliminate extreme ideas--the Dennis Kuciniches, Mike Gravels, Ron Pauls and Tom Tancredos--much like the first few episodes of American Idol. The parties quickly get us down...
Perhaps you've heard that tune before? It's the strategy that Bernard Arnault used so brilliantly in creating LVMH out of a bunch of high-end, underachieving fashion labels: share resources, consolidate the back end to cut costs but nourish the brands' creativity, quality and individuality. "They have more money to do better development and make better products," says audiophile Tim Schwartz, 47, of Goodyear, Ariz., who owns $250,000 worth of McIntosh gear. "The company is leaving them alone so Randall can do his thing...
After a factory demonstration, my amateur ears attest that the sound I heard was off the charts. I don't know if it was the widespread dynamic range, the subwoofer that made my pants shake or the power that seeped into my bones. I inquired about the cheapest McIntosh purchase. "It's $3,500," Randall said. Not so bad, I thought. "But that's just for the power and preamp." The $45,000 speakers are extra...