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...These sources of support may not last forever. Warren Buffett warned in a New York Times editorial in August that the unrestrained buildup of U.S. government debt - and the likely need to print money as a result - would inevitably undermine the dollar's value. "Unchecked greenback emissions will certainly cause the purchasing power of currency to melt," the sage of Omaha wrote. "The dollar's destiny lies with Congress." Richard Portes, a professor of economics at the London Business School, believes that central banks will increasingly see other currencies, especially the euro, as more reliable storehouses of value. "The idea...
Many of the major ideas which emerged from Project Zero in its first two decades of existence were a result of its focus on the arts, which in turn greatly influenced the field of arts education. One of these theories, developed during the mid-1980s, is that of “teaching for understanding.” This idea draws on an inherent characteristic of the arts, as it suggests that individuals demonstrate true understanding of a concept only when they are able to put it into action. “It borrows the idea of performance from the arts...
Imagine for a moment that on the lonely Friday night depicted in the Strokes’ 2003 single “12:51,” frontman Julian Casablancas decided to hit up a dance club rather than crash the drunken house party mentioned in the lyrics. The result would sound something like “11th Dimension,” the first single from Casablancas’ premiere solo album “Phrazes For the Young.” Featuring a bubbling electronic beat layered with disco sheen and synths torn from the Human League?...
...allegedly targeting minority communities for subprime mortgages—the Cockburns rely on one unquestionably biased source: John Relman, a civil rights attorney involved in a lawsuit with Wells Fargo for minority targeting. Wells Fargo declined to comment and the film offers no rebuttal from anyone else, and the result feels a little one-sided...
...mapping the wide and varied repercussions of the crisis, the film inevitably wanders at times. One of the most far-fetched segments comes from the assertion that as a result of economic hard times, the spike in the number of abandoned or unclean backyard pools has led to the dramatic rise of dangerous mosquitoes, rodents, and snakes. This facet of post-recession America, although argumentatively substantiated by Cockburn, does not have quite the same resonance as the film’s other angles. But despite its occasional flaws, “American Casino” is subtle in its delivery...