Word: roberts
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Dates: during 2000-2009
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...ones," says Morgan Stanley's chief economist, Stephen Roach. "That's precisely what worked when farmers were displaced by the Industrial Revolution, when sweatshop workers lost their jobs to automated assembly lines, and when the U.S. Rust Bowl was hollowed out in the early 1980s." Former U.S. Treasury Secretary Robert Rubin agrees, but when he talks about the economic challenges facing the U.S., his tone takes on an edge of frustration. Rubin isn't really worried about the rise of India and China. He's worried about the U.S. "What we've really got to do is get serious...
Forward to 2007. "Now the world is booming, credit demand in Asia is rising, and you don't need the U.S. consumer to be the spender of last resort," says Robert J. Barbera, chief economist at the brokerage firm ITG. The world economy is in its fifth year of nearly 5% growth. But the U.S. is no longer leading. Foreign financial markets are booming and pulling in money. Rising commodity prices are complicating the Fed's inflation-fighting job. As a result, the U.S. consumer can no longer count on a steady flow of low-interest debt...
...their behalf. "James told us how grateful he was to be able to talk - something he has spent almost all his life not being able to do," Edwards said in Prestonburg, Kentucky, later that day, at the big rally that ended his tour in the same place where Senator Robert F. Kennedy finished his own poverty tour 40 years ago. "Instead of being angry about it, James was proud. He was strong. He showed the kind of character that I think represents what America is. These people, people like my father, people like James Lowe, they're the people...
...wait-as in a late-night steak-knife commercial, there's more. Equally impressive are the works of skater video artist Shaun Gladwell, epic landscape photographer Rosemary Laing and conceptualist Christian Capurro, all invited by Biennale director Robert Storr to show independently in the Italian pavilion and Arsenale. Capurro, in particular, stopped traffic with his intriguing project, Another Misspent Portrait of Etienne de Silhouette, which had invited hundreds of people to erase the pages of a 1986 copy of Vogue Hommes, clocking up over 260 hours and turning the magazine (by Capurro's calculation) into an $A11,349.18 work...
...Staff writer Robert T. Hamlin can be reached at rhamlin@fas.harvard.edu...