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April
22
Several years into my father's journey down the narrowing road of Alzheimer's, when he was still going out for walks, I looped my arm through his one afternoon and walked with him along a leafy street near my parents' home. A few people recognized him, waved and called out, "Hello, Mr. President" and "God bless you." He smiled and waved back. Then he looked at me, confused, and asked, "Do I know them?"
No, Dad, I said. "They ...
April
21
The year of the revolutions began in January, in a small country of little importance. Then the protests spread to the region's largest and most important state, toppling a regime that had seemed firmly entrenched. The effect was far-reaching. The air was filled with talk of liberty and freedom. Street protests cropped up everywhere, challenging the rule of autocrats and monarchs, who watched from their palaces with fear.
That could be a description of events in Tunisia and ...
April
21
One of the more depressing and outrageous revelations of the massive
Wall Street scandal was the news that the previously Olympian ratings
agencies, Moody's and Standard & Poor's, were incompetent at best; at
worst, they were in bed with the investment banks whose bonds they were
supposed to be evaluating. Both agencies, for example, bestowed AAA
ratings the highest possible on laughably flimsy
mortgage-backed bond contraptions, whose demise almost sank the global
economy. In an actual market, no one would trust these ...
April
20
A gang film called The Warriors attracts off-screen rumblesStaring from the poster, they looked like a nightmare of what might be,
that terrifying day when the street gangs take over the city, any city.
Some of them wore leather vests over bare chests. Others had on Arab
headdresses. A few, their faces painted harlequin colors, wore baseball
uniforms and carried bats. Massed as far as the eye could see, all
looked menacing, and the threat was underscored by the text above the
picture: "These are the ...
April
19
Down Mobile way, darkies croon to the night on soft spring evenings, grin,
tip hats, as they shuffle past white "gemmen," still their noble lords
if not their masters. Fortnight ago, Clarence Darrow, keen-witted,
sharp-tongued Northern lawyer, stopped in Mobile, Ala., made speeches
to wide-mouthed black men attacking Negro
lynchings. On street corners hot-blooded white men gathered, muttered
curses on Mr. Darrow, "damned Yankee" agitator. At Negro schools, able
Lawyer Darrow repeated his speeches to the "new Negro." Klan circulars ...
April
16
CUBA Communiqu No. 4: The invading mercenary army which occupied Cuban territory for less than 72 hours has been completely crushed. The revolution has emerged victorious though paying a high toll in courageous lives of fighters who faced the invaders. A part of the mercenaries sought to leave the country by-sea in a number of boats which were sunk by the revolutionary air forces. The remainder of the mercenary forces suffered heavy casualties, dispersing ...
April
10
Though the signs outside identified it
as a hotel, the Cavendish was no place for the unsuspecting tourist.
Most strangers who ventured into the dim, cluttered lobby at 82 Jermyn
Street were sternly told to try elsewhere. Others, if they were lucky
enough to remind the proprietress of some long-vanished Victorian buck
or Bostonian pooh-bah, would be clasped to her shapely bosom and
regaled with surrealistic reminiscences about old Lord Droopy Drawers
and Lady You-Know-'Oo, or "the time we went ...
March
30
Is there anybody out there investors can trust? Wall Street was pondering
that today as markets were hammered following last night's announcement that
WorldCom had inflated profits by a staggering $3.8 billion over the past
five quarters. The Dow skidded towards the 9,000 level, while the news
pushed the NASDAQ to near post-Sept. 11th levels.
The accounting slight-of-hand was accomplished by calling some ongoing
costs, like network maintenance, capital expenditures a move that let the
company spread costs over several years, thus ...
March
30
I sat in our suburban home in Shanghai and read online the excerpt from Amy Chua's Battle Hymn of the Tiger Mother that appeared in the Wall Street Journal. My reaction to it was straightforward: Maybe a little over the top, but, yeah, that's about right. My wife's reaction: "I guess I'm not the toughest Chinese mother after all."
Our daughter, age 6, is in first grade. She's bilingual . She takes violin and ballet lessons. And she ...
March
21
A week after Nintendo's Wii debuted in November, the Wall Street Journal reported that the gaming console was leaving some users as sore as the gym often does. Unlike traditional hand-held video games, where users sit on the couch exercising little more than their thumbs, the Wii features digital sensors that let users virtually play the game. In Wii Sports, a game that comes with the console, users mimic the ...
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