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Stanley Drucker was still a teenager when he joined the New York Philharmonic as a clarinetist in 1948. More than 10,000 concerts later, Drucker is now the longest-serving member in the renowned symphony's 167-year history. Named principal clarinet by conductor Leonard Bernstein in 1960, Drucker holds the Guinness world record for the longest career of any clarinetist. On July 31, Drucker, now 80, will make his final appearance with the philharmonic in Vail, Colo. He spoke with TIME about his career, the future of classical music and the performances he'll always remember...
What's it feel like to survive one hurricane only to be told that another is on the way? New York City-area homeowners are in just that spot. After the region suffered the brunt of financial-industry cutbacks, the next big wave of woe could be a nor'easter of collapsing home prices. That's the forecast of an extensive new report on residential real estate by Deutsche Bank, which calls for home prices in metropolitan New York City (which includes Westchester, northern New Jersey and other nearby areas) to fall 40.6% from the prices that prevailed in March...
...Ironically, that dire forecast is wrapped in an improving forecast for nationwide home prices. Back in March, Deutsche Bank analysts had expected national home prices to decline 16.5%; now they foresee just a 14% decline. That mildly upbeat news does not hold true for the New York City area, however, which is expected to see a 40.6% drop. While that is also a slight improvement from the March forecast, it is dire nonetheless. (See photos of the global financial crisis...
...York City's big problem is not so much the financial-industry meltdown as it is an intense lack of affordability. As the report notes, metropolitan-area New York home prices peaked in the second quarter of 2007 at $552,000. By the first quarter of 2009, the median price had dropped 19%, to $446,000, but the market swoon was less than half the drop recorded in many other areas of the country. Today among the 10 biggest metropolitan areas, New York ranks as the least affordable...
...party for this belief - that it is important for us to build on our traditions here in the United States. So, when you hear the naysayers claim that I'm trying to bring about government-run health care, know this: they are not telling the truth." (After the New York Times reported last week the AMA's opposition to a public plan, the group said its stance had been misinterpreted and that it would be "willing to consider other variations of a public plan that are currently under discussion in Congress.") (Watch a video about uninsured Americans...