Word: walls
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...Reagan and Diplomacy In "Why The Wall Came Down," Romesh Ratnesar asserts that Reagan's biggest weapon during the Cold War was to use diplomacy and that "Obama's challenge now is to do the same" [Nov. 9]. Unfortunately, unlike communist states, Iran follows the theological-political dogma of radical Islam, which aspires to have all others submit to that ideology. Radical Islam sanctions death for the greater cause. Conversely, communism is based on a secular ideology, and Cold War leaders didn't follow a doctrine that supports dying for the cause. Diplomacy in our current situation...
...Ratnesar is generous in crediting Reagan, who urged Gorbachev to "tear down this wall," as a champion of diplomacy. Other one-liners were not quite so diplomatic. In 1984, Reagan said, "We begin bombing in five minutes," over a microphone he thought had been turned off. For some, this supposed joke is an example of his hawkishness not only toward the former Soviet Union but also toward Grenada, Cuba and others. If this is what counts for "diplomacy," no wonder we are in such trouble. Dean Wolfe, Surprise, Ariz...
...View from Main Street Re TIME's story on wall street [nov. 9]: Out in the real world, professionals who construct bridges, buildings and even houses must be licensed, to encourage adherence to stringent technical, legal and ethical standards. Ignoring the rules can result in losing one's job. Why? Because if these things are constructed poorly, people will get hurt. Since Wall Street is in the business of "engineering" markets in order to make the greatest possible amount of money, why shouldn't they also be licensed and held to similar standards? Mark Revis, Moreno Valley, Calif...
...really have to show up on wall Street with pitchforks and torches before its denizens get that we've had it with their lying, thieving games? Wayne Laepple, Northumberland...
...music group that never hit it big, Prechter joined Merrill Lynch in 1975 to do technical analysis, also known as chart-reading - the search for patterns in the movements of securities. The most famous of technical approaches is Dow theory, a rough model of market waves originally described by Wall Street Journal co-founder Charles Dow at the turn of the 20th century and refined and popularized in the subsequent decades by Journal editor William Peter Hamilton. Prechter studied Dow theory but soon moved on to the mostly forgotten work of Ralph Nelson Elliott, an accountant who, while bedridden...