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Steve Kettmann

Thursday, Oct 5, 2000 7:30 PM UTC2000-10-05T19:30:00Zl, M j, Y g:i A T

In praise of a weak euro

Why the nonstop decline in the value of its currency doesn't spell doom for the European Community.

Think the sorry state of the euro means nothing to Americans but a chance to travel at bargain rates and guzzle cheap foreign beer? Think again. The dramatic decline of the euro below what many analysts peg as its true value sets it up as a potential investment alternative to the overvalued U.S. dollar. While the American business press is prone to treating the euro’s nonstop decline as a failure for the European Community — a tendency that was only accelerated by the recent rejection of the euro by the Danish electorate — the euro’s troubles can largely be written off as growing pains. In fact, a strong euro is more of a threat to the European economy than a weak one.

Eleven countries in Europe (plus Greece, early next year) peg the value of their currencies to the euro, and starting next year the common currency itself will be introduced. But the euro has had a rough time of it since being introduced in January 1999 at a value of $1.17. Since then, it has lost 30 percent of its value against the U.S. dollar, and threatens to dip still lower.

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Thursday, Sep 29, 2005 4:53 PM UTC2005-09-29T16:53:00Zl, M j, Y g:i A T

The new new world

Charles C. Mann's monumental retelling of pre-Columbian American history, "1491," illuminates the existence of civilizations as populous and sophisticated as those of the European latecomers.

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My father can’t prove it, but he’s convinced that one of his grandfathers was half Cherokee, and he can produce faded old pictures of his mother showing high, angled cheekbones that are distinctively non-European. My mother’s side of the family has long taken outsize pride in having an ancestor who was the first governor of Baja, Calif.; only recently did we come across clear evidence that we were actually the adopted poor relations of this family, that is, not Spanish nobility but mestizos of mixed race.

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Thursday, May 12, 2005 11:27 PM UTC2005-05-12T23:27:00Zl, M j, Y g:i A T

It’s curtains for Okrent

New York Times public editor Daniel Okrent reflects on the paper's "very bad journalism" on WMD, its liberal slant, and William Safire's wisecracks about readers.

It's curtains for Okrent

The Jayson Blair fabrication scandal in 2003 left the New York Times with little choice but to join the Washington Post and other top newspapers in hiring an ombudsman, a reader representative to provide more scrutiny of Times’ news-gathering practices. In late 2003, Times publisher Arthur Sulzberger and executive editor Bill Keller chose Daniel Okrent as the paper’s first public editor. This month, after an initially stormy and always provocative 18 months — the set duration of the gig — Okrent hands over the job to Byron Calame, a former Wall Street Journal editor.

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Saturday, Dec 4, 2004 12:36 AM UTC2004-12-04T00:36:00Zl, M j, Y g:i A T

Shocked, shocked!

The hand-wringing over Jason Giambi and Barry Bonds is stupid and hypocritical. Everyone knows the score.

Shocked, shocked!

Overnight, in the wake of another scoop in the San Francisco Chronicle (“Giambi admitted taking steroids”), the public’s image of party-boy slugger Jason Giambi lurched sickeningly toward the lurid and obscene. Giambi has now been snared in a medieval hell of the media, our version of the public square, where he is being pelted with rocks and rotten vegetables and taunted for the unpardonable sin of robbing a few final holdouts of their illusions about the state of baseball.

The New York Post did its best to stir up a lynch-mob mentality with its front cover on Friday, “Boot the Bum,” featuring a vintage picture of a young Giambi, shaggy-haired and tattooed, showing off the steroid-enhanced biceps that turned him from a talented doubles hitter and RBI man to a leading home-run threat capable of seducing Yankee owner George Steinbrenner to the tune of $120 million.

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Friday, Sep 24, 2004 8:00 PM UTC2004-09-24T20:00:00Zl, M j, Y g:i A T

The last great American rivalry

The Red Sox may finally be on the verge of ending The Curse and beating the Yankees. But even if they don't, their fans have been blessed with that rarest of gifts -- passion. An exclusive excerpt from Steve Kettmann's "One Day at Fenway."

The last great American rivalry

“I’m not a religious person, but spiritual. That was a religious experience, that Game Seven. When that Aaron Boone homer went out, I don’t care who you were, you were hugging your fellow Yankee soulmate. I was like in a trance. I was cursing up a storm. They all looked at me like I was crazy. The cops looked at me like I was crazy. I was foaming at the mouth. I wasn’t talking to anyone in particular, just screaming at the top of my lungs about how the Red Sox were never going to win.”

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Thursday, Feb 14, 2002 10:47 PM UTC2002-02-14T22:47:00Zl, M j, Y g:i A T

Europe’s impotent outrage

Officials across the Atlantic are steaming about President Bush's "axis of evil" rhetoric, but there's not much they can do about it.

Once again, as in the infancy of the Bush presidency, European leaders are complaining about the arrogant unilateralism of his administration. Only this time, there’s no room for debate over whether a new president might be mistakenly sending mixed signals to valued allies. It’s all too clear that President Bush and his advisors knew his “axis of evil” State of the Union speech would stir up key European partners to varying degrees of anger — and didn’t care.

There is almost no support in European capitals for a military strike against Iraq, and even less backing for moves against Iran or North Korea, Iraq’s putative partners in the so-called axis. The spectacle of normally consensus-building Secretary of State Colin Powell suggesting to Congress Tuesday that the U.S. might have to go it alone in a military action to topple Saddam Hussein pushed many partners over the edge.

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