January 13, 1987 |
These are heady days on Wall Street, with the Dow Jones industrial average bouncing off the 2,000 mark. But can they last? John Kenneth Galbraith, the Harvard economist, is the latest to sound a note of warning. Writing in the January issue of Atlantic Monthly, Galbraith sees some parallels in the current fever that has gripped the Street to conditions that preceded the market crash of 1929. Will history repeat itself? Maybe not to the degree that the '29 debacle crushed the economy.
May 12, 2010
By Robert J. Samuelson It is now conventional wisdom that the world has avoided a second Great Depression. When the gravity of the financial crisis became apparent in late 2008, the response was swift and aggressive. Panic was halted. The resulting economic slump was awful, but it was not another Depression. The worst has passed. Or has it? Greece's plight challenges this optimistic interpretation. It implies that the economic crisis has moved into a new phase: one dominated by the huge debt burdens of governments in advanced societies.
July 26, 1992 |
Nigel Barley is a Cambridge and Oxford-educated anthropologist who turns out to be a wonderfully witty travel writer as well. The British Museum assistant curator's penchant for the funny and informative was evident earlier in The Innocent Anthropologist: Notes From A Mud Hut, which is being published this month in paperback (Owl Paperbacks, $10.95). This is an often-hilarious account of his first year in Africa, which he spent living in a mud motel among a Cameroon tribe called the Dowayos.
May 11, 2000 |
The play in which a mysterious stranger invades a lost or sluggish community and proceeds to shake things up is part of a lineage handed down from The Bacchae to The Music Man. Yet in the proper hands, it can still deliver the goods, which is what's happening these evenings in The Sty of the Blind Pig, the 1971 comedy-drama by Philip Hayes Dean on view through May 28 at Freedom Theatre. The stranger in this variation, set in a black working-class district of Chicago in 1956, is Blind Jordan, a sightless street singer who turns up on the doorstep of Alberta Warren, a lonely unmarried woman in her 30s who works as a domestic and still lives at home with her mother, Weedy.
September 29, 2014 |
Let New York gloat about completing the High Line. Philadelphia is about to debut a linear park that might be even more impressive: the Schuylkill Banks Boardwalk. As wonderful as the High Line is, it merely allows people to wend their way through Manhattan a few stories above its bustling streets. When the latest segment of the Schuylkill Banks trail opens to the public Thursday, you'll be able to walk on water, under the glittering gaze of the Center City skyline. The new 15-foot-wide walkway dives into the river at Locust Street, and doesn't crawl back onto dry land until it reaches the South Street Bridge, a joyous journey more than 2,000 feet long.
July 29, 2005 |
David Mark is editor of Campaigns & Elections magazine and is writing a book about the evolution of negative campaigning The top Republican Senate target is a reviled figure among Democrats. The highly touted Democratic challenger is a popular statewide officeholder, whose conservative stands should appeal to voters beyond the traditional party base. This scenario applies not only to the high-wattage 2006 campaign looming between Pennsylvania Sen. Rick Santorum and Democratic State Treasurer Bob Casey Jr., but also to North Carolina Sen. Jesse Helms's famously bruising 1984 reelection victory over Gov. Jim Hunt.
March 5, 1999 |
"I'm not a princess in the royal sense," Monica Lewinsky is said to have told the London-based publisher of her book, "Monica's Story. " Well, no. But believe it or not, the former White House intern identifies strongly with the late Diana, Princess of Wales. Monica sees herself "in a similar situation" to the high-profile princess. "Remember, I was in love," she said. "I was trapped, too. I had a lot of pressure on me, and like Diana, I had nowhere to go, nowhere to hide.
September 26, 2014 |
After a review by the state attorney general, the Atlantic County Prosecutor's Office announced Wednesday that it would allow a Philadelphia woman charged last year with illegally bringing into New Jersey a gun that was legally registered in Pennsylvania to enter a pretrial-intervention program and avoid jail time. The prosecutor's previous stance in the case involving Shaneen Allen, 27, was to make the case a "deterrent," either forcing a plea or bringing it to trial. The mother of two could have faced up to five years in prison.
July 12, 1996 |
It may be geometrically impossible for parallel lines to meet, but the convergence is dramatically satisfying in John G. Young's finely wrought and deeply compassionate Parallel Sons. Young's movie, which won the best-feature award at last year's San Francisco Lesbian and Gay Film Festival, is an original take on a familiar adolescent predicament. Seth Carlson and the rural world he is sentenced to live in are a poor match, and not just because he is gradually coming to terms with his sexuality.
February 20, 1998 |
The title character in "Zero Effect," a certain Daryl Zero, fancies himself the world's best private detective. "I always say the essence of my work relies fundamentally on two basic principles: objectivity and observation," he says. To mystery fans, this may sound familiar. "You know my methods, Watson," Sherlock Holmes once said to his trusty assistant. "It is founded upon the observation of trifles. " An objective observer of "Zero Effect" will see that the movie is an attempt to modernize Sir Arthur Conan Doyle's famed detective.