Archive - Sep 2008

(quote)

In one of the most dramatic days in Wall Street’s history, Lehman Brothers, the 158-year-old, fourth-largest U.S. investment bank that predates the Civil War and weathered the Great Depression, filed the largest bankruptcy in American history; while Merrill Lynch, the third largest investment firm, has agreed to sell itself to Bank of America, the nation's largest bank.

Investors suffered their worst losses since the terrorist attacks of 2001. Amid worries that the bankruptcy of Lehman Brothers and the sale of Merrill Lynch might not be enough to stop the downward spiral, stocks fell sharply in the last half hour of trading. By the end of the day, the Dow Jones industrial average had dropped 504.48 points, or 4.4 percent, as a record volume of more than 8 billion shares traded hands on the New York Stock Exchange. It was the biggest decline since Sept. 17, 2001 - the day the index reopened after the 9/11 terrorist attacks - when it fell 7 percent, or 684.81 points.  read more »

(quote)

Coleridge first met William Wordsworth in 1795, when he traveled to the Dorset home where the poet lived with his sister Dorothy. He walked 50 miles to get there, and as he approached Wordsworth noticed that their over-excited visitor "did not keep to the high road, but leaped over a gate and bounded down a pathless field by which he cut off an angle." The two bonded instantly. When Wordsworth learned that Coleridge moved to Nether Stowey, he and Dorothy packed up and moved there too.

For a solid year between 1797 and 1798, Wordsworth and Coleridge were in close, daily contact. They took long walks together and spent hours discussing poetry and literature. The two men were at the forefront of what is now known as the Romantic period. For Romantics, nature was the only source of real inspiration, the only place where men could truly connect to their deepest and most powerful emotions. In the rugged beauty of the Lake District, Wordsworth and Coleridge had nothing but inspiration. They began to talk of a new kind of poetry, one that relied on the reader's imagination and the honesty of simple language to evoke powerful feelings. They decided to write a collection of poetry together. Wordsworth's job was to write poems about everyday topics; Coleridge would tackle poems about "persons and characters supernatural" that were true enough to provoke in readers "that willing suspension of disbelief for the moment, which constitutes poetic faith."

(unquote)

Image courtesy wordsworthclassics.com

(quote)

Air New Zealand's "perfect flight" using optimal flying conditions and the co-operation of US, New Zealand and Australian aviation authorities, was hailed as a success in San Francisco on Friday. Using new technologies and procedures on a flight from Auckland, Air New Zealand cut waiting time, trimmed flying time, saved 1,200 gallons of fuel (around 4% less fuel than normally used), eliminated 30,000 pounds of harmful carbon emissions and took a quieter approach on arrival at San Francisco International Airport.

The normal commercial flight NZ8, dubbed ASPIRE 1 (Asia and South Pacific Initiative to Reduce Emissions) is the first tailored test flight on the Pacific using technology and cleared gates at each end, eliminating air traffic congestion to test flight and fuel efficiency. It is part of a worldwide drive to make the aviation industry more environmentally friendly.  read more »

(quote)

"The Simpsons" once again claimed U.S. television's highest honor for a prime-time cartoon on Saturday at the Creative Arts Emmy Awards, extending the show's record winning streak. It marked the 10th time that "The Simpsons," airing on the Fox network for 19 seasons, as the longest-running comedy series in prime time, was named best half-hour animated show. The latest accolade for the hit cartoon came during a 3 1/2-hour presentation of the 60th annual Creative Arts Emmy Awards, mostly honoring achievements in categories like makeup, costumes, sound editing and art direction.

The Simpsons is an American animated sitcom which was created by Matt Groening, a satirical parody of the middle class American lifestyle epitomized by its titular family, which consists of Homer, Marge, Bart, Lisa, and Maggie. The show is set in the fictional town of Springfield, and it lampoons many aspects of the human condition, as well as American culture, society as a whole, and television itself.

 read more »

Complete coverage at New York Times with slideshows

Photos courtesy of Louis Lanzano/Associated Press, Getty, Firstview, Frazer Harrison/Getty Images, and Telegraph UK

Related Article: Ralph Lauren at New York Fashion Week (with video)

(quote)

There was screaming and whistling in physics labs and auditoriums outside Geneva - and around the world - Wednesday, as scientists whooped it up out of sheer joy.

 read more »