Word: sternly
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...customers - rich investors, university endowments and pensions funds that make up the bulk of hedge funds' clientele - rush to withdraw their investments. Some analysts predict that a quarter of all hedge funds could fold by the end of the year. Stephen Brown, an economist at New York University's Stern School of Business, says the final toll could be much higher. "I'd say 50% of funds will close," he says. Factor in likely new government regulation, and the industry looks set for a profound, and painful, transformation. One newly retired fund manager seemed to sum up the current mood...
Daniel Craig plays Bond now, and his turn in Casino Royale in 2006 hit the reset button on the franchise. Like the Christian Bale Batman Begins, the Craig Casino showed a young man taking his first steps toward superhero status. He was stern and ferocious, similar to protagonists in the grittier, glummer, more violent action-adventure films of the past few years. The new 007 was the ultimate fighter, not the ultimate lover. And like Jason Bourne, who woke up one day having forgotten his identity, the Bond series acquired a selective amnesia that erased whole areas of the franchise...
...maiden voyage of the taxpayers' newest nearly $2 billion warship stalled for two days in August. That's when the stern gate of the U.S.S. San Antonio - needed to roll vehicles onto and off the nearly 700-ft. vessel - wouldn't work. The Navy eventually got the gate fixed in time for the ship to leave Norfolk and sail to the Persian Gulf, where its mission is to hunt down smugglers. But now the San Antonio has been forced into port in Bahrain for at least two weeks of repairs to leaks in the hefty pipes feeding fuel...
Completely switching gears to a lighter note, can you talk a little bit about the origins of your relationship with Howard Stern...
...doing a play in New York and I was assigned to talk about it on his radio show. "Howard Stern" didn't mean anything to me; I didn't know him from Adam. Here's a skinny, wild-haired guy with owlish glasses. I can verbally fence, and he kept asking me back. I talked earlier about free speech as a core value in our democracy. He not only believes in it, he exercises it. We need people like that, particularly at a time like this...