Word: instruments
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...keep enough dollars in circulation that made the Great Depression such a great disaster. No Federal Reserve chairman will ever let that happen again, so we probably shouldn't worry too much about bread lines and Hoovervilles in the near future. But the money supply is a blunt instrument, one that comes nowhere near addressing all of today's problems. "The issue is not one of liquidity but one of solvency," says Richard McGuire, a strategist at RBC Capital Markets in London. "It's not the cost of money but the unwillingness of banks to lend to one another owing...
...Bear Stearns careened toward its eventual fire sale to JPMorgan Chase last weekend, the cost of protecting its debt, through an instrument called a credit default swap, began to rise rapidly as investors feared that Bear would not be good for the money it promised on its bonds. Not familiar with credit default swaps? Well, we didn't know much about collateralized debt obligations (CDOs) either - until they began to undermine the economy. Credit default swaps, once an obscure financial instrument for banks and bondholders, could soon become the eye of the credit hurricane...
...because he or she is capable of doing the work, its just an admissions fact. And while I don’t deny that many of us might not have been admitted on grades alone, the fact is that playing sports is a valuable skill, just like playing an instrument, singing in a band, or being a science fair winner. Harvard looks to admit excellent people, and just like in real life, excellence is not all about what you got on your SAT. Apparently no one ever told Lucy Caldwell this...
...violin was the instrument thatcarried our culture,” Mark O’Connorsaid in a recent talk at Sanders Theatre.“The stories of what our country wentthrough are on this instrument.”O’Connor, a professional violinistand fi ddler himself, has joined previousmasters as one of the storytellers ofour country. He has focused his musicalcareer on celebrating and developingAmerican music, and he shared hisstory at the event, co-sponsored by theOffi ce for the Arts’ Learning from Performersseries and the Harvard AmericanMusic Association.The embodiment of the Americanoptimism...
...film last Thursday at the New College Theatre as part of a talk presented by the Harvard College American Music Association. The film documents Fleck’s travel to the African nations of Uganda, Tanzania, The Gambia, and Mali in an effort to uncover the roots of the instrument that is now regarded as quintessentially American. He eventually encountered the akontig, an instrument fashioned from a gourd with striking similarities to today’s banjo. For 30 consecutive days, Fleck met and played with local musicians, choosing songs in the evening and playing them for the rolling cameras...