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...that wouldn't be the end of it. In November 2002, during his first stint on the Fed - as a mere member of the board, not the chairman - Bernanke gave a now somewhat infamous speech about what central banks could do to fend off deflation even after short-term interest rates hit zero. The Fed could target longer-term interest rates, he argued. It could buy private securities, not just Treasuries. It could, figuratively speaking, drop money out of helicopters...

Author: /time Magazine | Title: What the Fed's New Interest-Rate Cut Really Means | 10/30/2008 | See Source »

...written about the single working-woman experience in India," says Swati Kaushal, whose book about a young marketing exec was published in 2005. Neither Kaushal's book nor others that followed are feminist treatises, however. In fact, fictional heroines usually end up in love, if not wedlock. But the mere fact that the books raise gender-related issues makes them valuable. "There are a huge number of anxieties floating around young women," says the New Delhi publisher Gokhale. "It's very reassuring to read a funny and well-written novel in which you can see your own problems reflected...

Author: /time Magazine | Title: Techie Lit: India's New Breed of Fiction | 10/30/2008 | See Source »

...message, but of his persona too. Unlikely as it might seem, 40 years ago that maneuver would have been inconceivable. Yes, politicians have always tried to bring each other’s authenticity into doubt, but what Palin did during the convention was something distinct from the mere questioning of her opponent’s credibility. She did not try to impugn Obama’s credentials but rather to lay bare the artifice in his very carefully choreographed convention. In short, she tried to expose his speech as a photo-op. The term “photo-op?...

Author: By Sanders I. Bernstein | Title: They Called Her Photo Op Palin | 10/29/2008 | See Source »

This is not to make the mistake of understanding shows like Stewart’s as mere expository news programs. For example, Sarah Palin’s appearance on Saturday Night Live did not exactly enlighten the audience about her feelings about Alaska Senator Ted Stevens’s downfall, and Michelle Obama’s stop by The Daily Show was more superficial and light-hearted than any conversation she might have with Brian Williams on NBC Nightly News...

Author: By Nafees A. Syed | Title: Democracy Needs Colbert | 10/27/2008 | See Source »

...Visiting Directors Project. The play is at once an overwhelming spectacle of words that simultaneously aims to confuse, humor, and enlighten, without an end in sight. Initially, this constant bombardment is unsettling, for it prevents the audience from ever feeling comfortable with what is occurring on stage and from merely following what is being said. But surprisingly, the production as a whole doesn’t suffer from being somewhat incomprehensible. The show, which runs Thursday through Saturday at the Loeb Mainstage, finds a successful footing under Stern’s experienced direction.What differentiates the “Hyacinth Macaw?...

Author: By Eunice Y. Kim, CONTRIBUTING WRITER | Title: Hyacinth Macaw Impresses Again | 10/27/2008 | See Source »

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