Word: herbert
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Britain is crawling with so-called metal detectorists, who make a hobby - and often an obsession - out of unearthing treasure from the country's rich past. Occasionally they strike gold, like Terry Herbert, a 55-year-old Staffordshire man who, it was announced Sept. 24, discovered more than 11 lb. of Anglo-Saxon gold on a farm north of Birmingham. But mudlarks, who consider themselves élite archaeologists, tend to view treasure seekers with disdain. While anyone can obtain a permit to search the five or so miles of the river's southern foreshore between Westminster and Wapping...
That brings us to lesson No. 2. Early in the Great Depression, powerful voices at Treasury and the Fed argued that financial crisis was a necessary corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." This time around, after Lehman went under, no one at Treasury or the Fed talked that way. Instead, policymakers in the U.S. and overseas agreed that the panic had to be stopped at any cost. And it was, through a bailout that placed trillions of taxpayer...
...excellent sense of humor and, of course, a great mind,” said Social Ethics Professor Emeritus Herbert C. Kelman, a long time colleague of Maher’s, in an interview. “He had good relations with most everybody and he was widely respected. He was a leadership type...
...this lush pop opera was released, once again as a concert album. Nearly four hours long and containing a staggering 39 songs, the piece was staged in Stockholm in 1997 and ran for nearly four years. The three-disc CD topped the local charts but was never issued abroad. Herbert Kretzmer, who had anglicized the French musical Les Misérables, worked with Andersson and Ulvaeus on an English translation, yet despite the seismic success of Mamma Mia!, the new show never left Sweden...
That brings us to lesson No. 2. In the early 1930s, powerful voices at the Treasury and Federal Reserve argued that the deep pain of financial crisis was a necessary economic corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." Late last year, you could hear a few people arguing this case on CNBC and even on the floor of the House of Representatives. But after Lehman's failure, no one at Treasury or the Fed talked that way. Instead...