Word: lester
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...best in jazz history. Not that Basie makes any such claims in Good Morning Blues. On the page as in life, he is a modest man, given to understatement and sly humor, deft in turning the spotlight on others. He fondly evokes such colleagues as Thomas ("Fats") Waller and Lester Young, and he has a nice eye for after-hours vignettes. With the artful help of Collaborator Albert Murray (Stomping the Blues), he turns his early memories into a historically valuable account of the itinerant, raffish life of the black musician in the '20s and '30s. The Jim Crow working...
...historic jam. The worst trouble spot will be Mexico, which last week felt compelled to slash the average price of its oil from $19.77 to $15.09. The country has foreign debts of $96 billion and says it needs $9 billion in new loans this year. M.I.T. Economist Lester Thurow warns that the austerity measures that Mexico has endured to pay interest on its debt could make it politically popular for the country's leadership to repudiate the loans. Said Thurow: "What better way for the Mexicans to tweak the Yank's nose than to default on all of the debts...
...want to identify preservation as a major object for developers in Harvard Square...and develop regulation flexible enough to encourage good design," said Lester Barber, director of community planning. "We want to communicate with groups in Harvard Square to review development...
...scary $145 billion or so annually. Meaning that it is now the U.S., not Mexico or Brazil, that is the world's biggest debtor nation. And banks keep crumbling (120 of them went under last year). This does not mean that we are approaching 1929, of course, but as Lester Thurow of M.I.T. wrote last week, "Farm bankruptcies, financial speculation, nonperforming loans, large potential defaults . . . the echoes of the Great Depression sound louder and louder...
...Lester Thurow in his new book, The Zero-Sum Solution, examines how the U.S. could improve its competitiveness in the world economy. He briefly discussed his book at the meeting, saying that Japan and many European countries enjoy a competitive advantage over the U.S. because of their higher savings rates. Thurow argued that more savings would help the U.S. in many ways, including a strengthening of the labor force. He asserted that the level of education and skills for Japanese or German workers is higher than it is for American employees. If corporations were not so deeply in debt, they...