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Could such a "great drain" happen again, sucking liquidity out of the international financial system? Many experts would dismiss the idea as mere doom mongering. A full-scale war, they say, is one of those "10-sigma" (10 standard deviation) events that are so rare they lie outside the domain of risk management. Like an asteroid hitting the earth or a global influenza pandemic, a really big war belongs in the realm of uncertainty. You just can't price...
More rewarding is to speculate about how art opened Monet to Japan. Printmaking is a more cumbersome and less forgiving process than painting, so Japanese artists developed a remarkable economy of expression. Utamaro, for instance, could with a mere line or two describe the course of a river or the fullness of a women's breast. Thus could Monet - in Impression, Sunrise (1873), the painting that gave Impressionism its name - conjure up a boat with a mere squiggle of the brush...
Commentator John Ridley's view-point column "Why I'm Good with the 'N' Word" [Dec. 11] disregarded the word's legacy of dehumanizing black people. The mere utterance triggers a mental videotape of hatred, violence and oppression. It's not just "mollycoddles" who oppose it. Employment discrimination based on race and color was pervasive. The epithet nigger was directed daily against black workers. Despite the Equal Employment Opportunity Commission's successes in combating discrimination, this practice persists. The N word is so clearly poisonous that even nonblack employees file lawsuits when their co-workers or employers use the term...
...dream to be here," he says as we pass the Maba al Mukarama, another old Italianate colonnade. "It was one of those famous places. But then it became only a place for killers, and for 14 years I could not visit." Though they lived in a port city a mere 15 minutes walk from the shore, "some of my children had never seen the sea," Fanah adds. When the Courts removed the warlord's blockades that had barricaded the city into tiny, heavily armed enclaves, he took his kids to the beach. " 'Why is all this water...
...Iraqis grew less fearful of him. His frequent outbursts began to seem like schoolboy petulance, and when he was scolded by the judge it was as if the class bully was being sent to the corner by the headmaster. The trial reduced Saddam from an ogre to a mere mortal, then to a figure of fun and finally into a pathetic, shriveled...