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While the banking bailout may address the supply side of credit, it doesn't necessarily stimulate the demand side--where we all live. Across America, there is growing evidence that demand for credit--and everything else--is shrinking, with recessionary consequences. Two days after the Washington drama, the Fed's Beige Book report revealed that business was weakening everywhere, prompting the Dow to regurgitate 700 points. GM is shutting plants earlier than anticipated, idling 2,800 workers; PepsiCo, which reported falling sales in the U.S., is chopping 3,300 jobs worldwide. Demand for Samsung's DRAM chips is dropping...
Most of the world's future economic growth will take place in developing nations, and our growth--and Western Europe's and Japan's--will largely be based on theirs. Do we understand these economies? And are we ready to compete for the business of the billions who live there and are just now starting to move up from poverty to life as consumers--consumers who would love to buy U.S. products because of their quality...
Almost 200 empty dollhouses are arranged to form a hilly village in a dark room. The village has no geographical coordinates, and no people live there. Its name is simply “Place (Village),” and, as a work of art, it forms the cornerstone of Rachel Whiteread’s eponymous exhibit at the Museum of Fine Arts in Boston, on display from Oct. 15th through Jan. 25th.The dollhouses fit together snugly, forming an eye-pleasing, three-dimensional patchwork of windows, roofs, and lights that gleam from small light bulbs and ceiling fixtures inside the homes...
...Dalton said in an interview with The Guardian. “I’ve always called them canaries in the coalmine, because they were in some ways hypersensitive to what was going on in the world. They were expressing their feelings of powerlessness and they felt they should live, do drugs, drink, whatever to take the pain away.” Like Bessie Smith, when Dalton sang a song it seemed to first require a process of self-immolation, the details of which are not so much hidden by the beauty of the song as they are softened...
...wouldn't be entirely fair to blame McCain for the bilious mess his party has become. The most vehement of the Republican faithful live in an alternative universe, fermented by decades of Rush Limbaugh's brilliantly meretricious baloney and Sean Hannity's low-rent bullying. As McCain's audiences went out of control, Hannity stoked the rage with a "documentary" about Obama that featured, without qualification, a poisonously flaky anti-Semite who claimed to know Obama was a Muslim. But McCain had consistently stoked the rage as well, with nonstop negative advertising and by questioning Obama's patriotism and trying...