Martin Feldstein, an economics professor at Harvard University and president of the National Bureau of Economic Research, talks with about U.S. first-quarter gross domestic product, the outlook for Federal Reserve monetary policy and potential legislation to help homeowners avoid foreclosures.
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Feldstein Says U.S. Economic Indicators `Pointing Down’
Bloomberg, May 29 2008
I was searching out some of my favorite Jazz artists on YouTube, when I randomly stumbled across this video of Chet Baker. For those of you unfamiliar with Baker, he was a terrific Trumpet player who was later "discovered" as a wistful blues singer, specializing in ballads and love songs.
Chet Baker’s vocal style is unmistakably unique — my favorite
description of his his voice is "at times, it seems like he’s
hanging onto the melody by his fingernails." He seems at times half a tone off where you might expect him to be.
There is a lovely
melancholy, a gentle beauty, to the way he wraps his voice around a
song. The soft, simple sentiment embodied in his lyrical approach to ballads
can turn any song into a brooding lament.
There’s quite a few other videos at ChetBaker.net . . .
Either of these two CDs are good places to start exploring Baker’s works:
"His vocals were absolutely distinctive, sung in a high-pitched, even
fragile voice seemingly drained of emotion and yet possessing an
inherent charm, a detachment that might be both the antithesis of style
and its definition, whether it’s heard as sensitivity or indifference.
The singing is a double of his trumpet playing here, spare and barely
present but achieving much through nuance and suggestion. Pianist Russ
Freeman is an almost constant partner, supplying deft chords and
harmonic daring, amplifying Baker’s ideas. Their empathy is especially
evident in the beautiful instrumental "Moon Love," but it’s just as
significant on signature Baker songs such as "My Funny Valentine,"
"Let’s Get Lost," and "Like Someone in Love." –Stuart Broomer
New videos after the jump
Eli Broad, founder of homebuilder KB Home
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U.S. home prices likely will drop another 10 percent from their peak before the housing market begins to recover, said Eli Broad, founder of Los Angeles-based homebuilder KB Home. "Every housing market’s different, but you can expect housing prices to continue to decline in most markets for the next year or so,” Broad said in an interview from Los Angeles with Bloomberg Television.
Sales of previously owned homes in the U.S. fell 1 percent last month and the supply of unsold properties reached a record, the National Association of Realtors said last week, signaling a continuation of the 27-month housing slump. The median price of an existing home fell to $202,300 from $219,900 in April 2007. "I think we’ve got probably another 10 percent to go” from the price peak reached in 2006, Broad said today.
Broad said the U.S. economy is "in a recession no matter how you want to measure it,” and recommended that investors put their money in the energy industry, multinational companies with the largest stock-market capitalizations, and emerging economies such as Brazil, Russia, India and China. The return on U.S. stocks likely will "be in low single digits” this year, he said.
KB Home Founder Broad Says U.S. Home Prices Will Drop 10% More
Matt Miller and Daniel Taub
Bloomberg, May 28 2008