Word: walls
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Dates: during 2000-2009
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...global rush into green technology could be setting the stage for a most unusual comeback: the foul-smelling Trabant, the oft-ridiculed symbol of communist East Germany, all but disappeared from German roadways after the Berlin Wall fell 20 years ago. But now its makers are planning to introduce a climate-saving electric version of the Trabi, as it was affectionately known...
...Bernanke's is in many ways an inspiring story, a financial overlord from Main Street rather than Wall Street, from the faculty lounge rather than the corridors of power, from the realm of pragmatism and analysis rather than partisanship and ideology. He was a nice Jewish boy from small-town South Carolina who had pursued a career of scholarship; before George W. Bush appointed him to the Federal Reserve Board in 2002, his only brush with politics had been a stint on his local school board. Before the markets went haywire, he was building a reputation...
...something a bit creepy about the megapower that's accumulating at the Fed, one of Washington's least accountable institutions. Why should the markets decide who oversees them? Haven't the markets decided enough? Bernanke may be the ideal benevolent financial despot - a nebbishy superscholar with minimal connections to Wall Street and no previous hunger for power - but the next Fed chairman may be less ideal. And Obama has proposed to give even more regulatory power to the Fed, even though it has shown little interest in the past in curbing the excesses of the markets. At the same time...
...rendering of Lehman's demise--nimbly told with novelist Patrick Robinson--the bond traders are the smart guys, the real estate dealmakers are the bad guys, and the folks in charge are the idiots. What McDonald fails to note--even while illustrating it with an arrogant panache--is that Wall Street's egotism was hardly confined to Lehman's executive suite. This time it was mortgages; next time it will be something else...
...Queen’s Head: 1. Short for The Cambridge Queen’s Head Pub, the surprisingly not-awful drinking hole under Annenberg complete with three-dollar draughts, tasty snacks, and a lot of old Harvardian stuff on the wall that no one, least of all the staff, really understands...