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...finances. "What the markets were saying is that, 'We've heard this, we don't believe you,'" Papandreou told TIME. "Greece had lost credibility. What I was saying all along is we have to bring back our credibility." Importantly, he's also managed to keep his party largely in line. "There is this concept of politics as a dirty game," he says. "It's a difficult game, but it doesn't have to be dirty." Greeks, Papandreou argues, want to deal with the rot eroding their society. "The first thing is to realize [corruption] exists as a problem, and that...
Something about Henri Matisse always brings to mind the famous line from André Gide: "Do not understand me too quickly." Isn't that what we so often do with Matisse? We rush to indulge in the pleasures his art provides without coming to grips with its complexities. Compared with the Cubist-period work of his near contemporary Picasso - one picture after another that can be like a cheese grater for the eyes - even the most recondite Matisse is pretty beguiling. All those canvases flush with rose pink and aqua, filled with dancers and flowers and fruit - it's hard...
Even in his portraits, like The Italian Woman, Matisse could almost entirely transform the sitter, because he was confident that feeling in a painting was conveyed not by physical appearance or facial expression but by the sum of the impressions created by line and color. Often he began a picture with something like a realistic scene, then distilled it repeatedly. This is what happened with his magnificent Bathers by a River. When he started the large wall painting in 1909, it was a panorama of voluptuous women in bright colors. When he finished it seven years later, the women were...
Lowenstein has a pitch-perfect sense of the Street's monumental recklessness. The chorus line of overpaid bad actors in this book is endless. Held out for particular scorn is Lehman CEO Richard Fuld, who has "the daring of a gambler who believes, deep down, that he will always be able to play the last card." Maybe he did, yet as the book impressively shows, Fuld lost...
...BOTTOM LINE: Is anyone in charge here? Wall Street as we knew it failed and needs a reboot...