Word: speechings
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...Obama's speech accepting the democratic nomination suggests a sixth face: con artist. Obama has clearly learned the politics of the blank slate. The objective is to take power by duping voters into believing the candidate shares their views. Yale Zussman, Weymouth, Massachusetts...
Considering the Yale professor's recent publishing history, this is quite a relief. In March 2000, as stock prices soared to record levels, Shiller released his first general-audience book. Titled Irrational Exuberance, a phrase borrowed from a 1996 Alan Greenspan speech, it made the case that stock-market investors tend to go mad every few years--and that they were at the time in the grips of perhaps their worst psychotic episode ever...
Irrational Exuberance may have come out just as the market peaked in 2000, for example, but Shiller had actually begun voicing his worries about high stock prices years before. Fed Chairman Greenspan got an earful from the economist a few days before making his "irrational exuberance" speech in 1996 suggesting the market was overvalued. But prices kept rising, and Greenspan concluded that he shouldn't try to outguess the market. Other economists have since shown that acting on Shiller's bearish advice then would have cost an investor big gains over the subsequent decade. One man was no match...
...that didn't happen much. For the first time in 40 years, an incumbent President wasn't featured at his own party's convention. Bush was beamed in antiseptically from a seemingly empty White House, a lonely guy in quarantine, for a nine-minute speech. Senator Joseph Lieberman, who isn't even a Republican, spoke more than twice as long--and in prime time...
...Summit earlier this year. McCain, a skin-cancer survivor, committed to increasing spending but not to a specific amount. Senator Barack Obama has committed to doubling the budget for fighting cancer as part of a broader reform of health care. Certainly the frail, failing Senator Ted Kennedy's dramatic speech at the Democratic Convention, coming in the midst of his battle with brain cancer, underscored the point...