Word: walle
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...urged Congress to put politics aside and confirm him to a second term as Federal Reserve chairman. Much of the opposition that's been building lately to Bernanke's confirmation consists of Republicans who want to obstruct anything President Obama wants and Democrats who want to obstruct anything Wall Street wants. But while Bernanke performed brilliantly during the worst financial panic in 75 years, it's fair to ask why he isn't doing more now to fight unemployment (the left's chief complaint) or inflation (the right's chief complaint). (See pictures of Ben Bernanke...
...Wall Street guy. This is just wrong. Bernanke is a Main Street guy, a middle-class kid from small-town Dillon, S.C., whose father actually owned a pharmacy on Main Street. He has never worked on Wall Street. He's an academic who studied the Depression and learned how financial panic can lead to economic calamity. He bailed out bankers not to reward their bad behavior but to prevent that bad behavior from crippling the global economy. It's not his fault the markets like him. (See why TIME chose Ben Bernanke as Person of the Year...
...like he's worried about inflation - and actually worry about inflation - even when he doesn't think it's around the corner. Inflation fears may not be justified by data today, but they can be self-fulfilling tomorrow, and the hawks who harbor them are quite influential on Wall Street. If markets and Chinese bondholders start to lose confidence in the value of the U.S. dollar, that could trigger another panic, regardless of the rationality of their fears. A little inflation might be a good thing, but if jittery markets take a little inflation as a sign that...
Meyer and junior Blake Lewkowitz led the charge in the 500-yard freestyle, claiming first and second place, respectively. Meyer posted a 4:36.63 finish, while Lewkowitz touched the wall...
...were making sure people were doing the little things rights: don’t breathe from the flags, fire it in the wall,” Morawski said. “It was an opportunity for us to focus on technical details. Against Princeton and Yale, we’ll be able to not worry about little things—hopefully those will be automatic...