Connecting.the.Dots

"The only thing new in the world is the history you don't know." –Harry S Truman

Showing posts with label Fed interest rate cut. Show all posts
Showing posts with label Fed interest rate cut. Show all posts
Wednesday, October 08, 2008

3 A.M. for the Economy

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The red phone is ringing, not for a nuclear attack, but a total meltdown of the world's financial system and there is no one in the Whit...
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About Me

ROBERT STEIN
editor, publisher, media critic and journalism teacher, is a former Chairman of the American Society of Magazine Editors, and author of “Media Power: Who Is Shaping Your Picture of the World?” Before the war in Iraq, he wrote in The New York Times: “I see a generation gap in the debate over going to war in Iraq. Those of us who fought in World War II know there was no instant or easy glory in being part of 'The Greatest Generation,' just as we knew in the 1990s that stock-market booms don’t last forever. We don’t have all the answers, but we want to spare our children and grandchildren from being slaughtered by politicians with a video-game mentality." This is not meant to extol geezer wisdom but suggest that, even in our age of 24/7 hot flashes, something can be said for perspective. The Web is a wide space for spreading news, but it can also be a deep well of collective memory to help us understand today’s world. In olden days, tribes kept village elders around to remind them with which foot to begin the ritual dance. Start the music.
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