Word: roth
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...Mark Roth '96 feels that the weather call to his heritage. "It makes me feel Nordic," says the half-Finnish Roth...
...that low rates are the biggest reason why a disappointingly slow recovery has finally quickened into a promising advance. Raising borrowing costs now, they fear, will choke off the budding boom, in part by making purchases of such things as houses and cars harder to finance. Republican Congressman Toby Roth of Wisconsin complained to Greenspan last week, "Many of us feel that you're taking away the punch bowl as the guests are still taking their coats off." But Fed officials liken early moves against inflation to taking away the punch bowl before the party gets out of hand...
...will probably be put to a test by further Fed moves. The Clinton Administration, though dedicated to low interest rates, hopes that the rate increases will extend the recovery right into the fall of 1996; it merely expresses hope that the Fed will not raise rates too much. As Roth told Greenspan, "I think all of us in Congress realize that you have more power over the economy than we do." And more than the President...
Novelist Henry Roth breaks a 60-year silence...
Even the dialogue seems abstracted, drained of felt emotion. Ira's immigrant relatives say book-talk things like "Woe is me" and "I would spit in his face, if I could but see him." Memories of his past have obviously obsessed Roth for most of his adult life, but he no longer seems willing -- as he did so memorably in Call It Sleep -- to let his readers experience and savor them firsthand. Perhaps when later volumes of Ira's story appear, the place of this first long chapter in the grand design will be clearer. For now, the book...