Word: milton
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...When the economy was threatened with deflation (generally falling prices) a few years ago, "he among all the Fed governors was most vocal about the need to generate inflation," says Alan Wild, a global fixed-income manager for Barings Bank. In November 2002, Bernanke publicly spoke of options, citing Milton Friedman's famous "helicopter drop" of money into the pockets of consumers via tax rebates to stimulate spending, which was radical stuff from a central banker. Some are now worried that Bernanke would overcorrect his reputation, raising rates too far to prove his credibility on the inflation-fighting front...
...which helped shape his view that individuals acting in self-interest make for fair and honest markets. Although Bernanke wrote an unpublished novel in his younger days, his reading list swings to the pragmatic. He spent a recent vacation with a book about astronomy and has read volumes about Milton Friedman, whom he regards as the 20th century's greatest economist for his arguments on the power of free markets...
...DIED, MILTON OBOTE, 80, early architect of Uganda's independence from Britain in 1962 and the country's first postcolonial prime minister; in Johannesburg, South Africa. The savvy, but ultimately despotic, politician, who tried unsuccessfully to unite Uganda's factionalized parties, was overthrown in 1971 by his military aide, Idi Amin. After Amin's brutal reign, Obote regained power in 1980, but an allegedly rigged election and his repressive rule led to his ouster and exile to Zambia...
...Susan Sarandon—elderly woman, comes off as being scholarly, not “hot,” but could see her playing his wife. [For Summers] Milton from “Office Space.” [He] kind of comes off as being in his own world...
DIED. DANNY SIMON, 86, veteran comedy writer for Phil Silvers, Milton Berle and Sid Caesar, and the inspiration for some of the famous characters written by his younger brother Neil; in Portland, Ore. Revered by younger comics--Woody Allen said he learned all he knew about comedy writing from him--Danny had an idea for a play, from his experience as a divorced man living with another, that became Neil's The Odd Couple...