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Danielle DiMartino Booth

Irish Playwright Oscar Wilde defied Aristotle’s memorable mimesis: Art imitates Life. In his 1889 essay The Decay of Lying, Wilde opined that, “Life imitates Art far more than Art imitates Life.” Jackson Pollock, the American painter, aesthetically rejected both philosophies as facile. We are left to ponder the genius of his work, which in hindsight, leaves no doubt that Art intimidated Life...

Danielle DiMartino Booth

Wouldn’t we all rather be watching Wimbledon? Instead, we’re obligated to be properly productive and tune in to watch Federal Reserve Chair Janet Yellen testify to Congress. After all, it could well be her last rodeo as actual nominees to the Federal Reserve and rumors of her replacement light up the Twittersphere...

Danielle DiMartino Booth

Well, car sales have fallen…again. They are now down 2.1 percent in the first six months of the year. At their current 16.5-million-unit rate, sales are at their lowest in nearly 2 ½ years. Across the Atlantic, the hawkish chorus is swelling to a crescendo. It is looking increasingly as if Yellen’s British and European counterparts will have to signal the largest largesse has come and gone...

Danielle DiMartino Booth

The question on so many oil producers’ minds is whether they can take central bankers’ banking on slumping oil prices as ‘transitory’ to the bank. Is stabilization in the cards after the six-month rout in prices? Oil exporting countries sure would like to know as would investors inclined to own junk bonds...