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...general feeling in Washington seems to be that the Bear deal "threads the needle in the right way," as Democratic Senator Charles Schumer put it. But if Fed-arranged fire sales become a regular event, questions will inevitably arise about moral hazard and playing favorites. "They stepped into a vacuum, and I think quite appropriately," former Fed chairman Paul Volcker said on Charlie Rose. "But is this what you want for the long-standing regulatory support system? My answer...
...traditional retreat of the rich and famous, this island is largely unpopulated before the storied Annual Daffodil Festival (Apr. 25-27). Some would say that this is for good reason, with the bracing sea breezes, regular rain, and eerily empty Main Street, but FM is inclined to disagree. The water may be frigid, but whenever the wind dies down, beach walks are as romantic as ever. And if it’s raining, stay inside and play Apples to Apples. Sweet life...
...Thomas Fowler-Finn’s contract has been at the center of back-and-forth negotiations after he narrowly won a contract extension by a 4-3 school committee vote in January. The committee continued these negotiations in a private executive session after last night’s regular meeting. After the meeting, recently elected Mayor E. Denise Simmons—the swing vote in favor of Fowler-Finn’s contract extension in January—said that “you don’t want to rush something that’s so important...
...scientific inquiry to be flawed, the Dalai Lama is the rare religious figure who tells people not to get needlessly confused or distracted by religion ("Even without a religion, we can become a good human being"). No believer in absolute truth-he eagerly seeks out Catholics, neuroscientists, even regular travelers to Tibet who can instruct him-he is also the rare Tibetan who will suggest that old Tibet may have contributed in part to its current predicament, the rare Buddhist to tell foreigners not to take up Buddhism but to study within their own traditions, where their roots are deepest...
...freedom are colliding. For Buddhists, liberation traditionally means freedom from ignorance and so from the suffering it brings. For Chinese pledged to material development, freedom simply means liberation from the past, from religion and from backwardness. According to the Dalai Lama, at the sixth and most recent round of regular talks between Chinese officials and a delegation of Tibetans, the Chinese said, "There is no Tibet issue. Everything in Tibet is very smooth." To which the exiled Tibetans said, "If things are really as good as you say they are, then why don't you let us come...