Said in Stone

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Second, the forum allows the media unusually good access to central bankers.

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Last week, the majority of Fed officials interviewed reinforced the notion that the Fed will raise interest rates in September and December. These markers point to unemployment and inflation at levels consistent with the Fed's targets and sustainable economic growth, notwithstanding some recent weakness in the housing and auto sectors. Yet it is only a matter of time before these vulnerabilities are perceived to be spreading by those who incorrectly see the continuously flattening yield curve the differential between two-year and year bonds reached 19 basis points last week as an indication that a major economic slowdown is approaching.

Still, the external uncertainty is multifaceted, with an added downside risk of a self-feeding vicious cycle. Although earlier this year many embraced the prospect of a synchronized global pickup, growth paths have diverged as uncertainty has gained in Europe and China. The currency crisis in Turkey is far from over, especially because the government continues to rule out the use of two important policy tools interest rates and intervention by the International Monetary Fund.

Meanwhile, the renewed decline of emerging-market currencies last week imperils countries with considerable foreign-exchange mismatches and large immediate funding needs. Then there are the many U.


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All of this indicates that, beyond September, the prospects for monetary policy could become increasingly uncertain. No matter how confident several of the regional bank presidents appeared at Jackson Hole, there is a growing set of legitimate domestic and external questions that influence what the Fed will end up doing in December, let alone next year. In another scenario, the Fed would carry out the September and December increases but take a longer pause in March. This column does not necessarily reflect the opinion of economictimes. Read more on Powell Doctrine.

An Exclusive Real Estate Investment: Photo by Alicia Mies. Sixty years after Palo Alto's Rinconada Library first opened its doors to local bookworms, the city is planning to mark the occasion by paying tribute to Edward Durell Stone, the iconic architect who designed the building.

The July 29 event will feature a presentation by Palo Alto city library associate Robert Skolmen, who will give an overview of Stone's life and work and present a brief examination of Stone's design for Rinconada Library.


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    7. Skolmen was a research assistant for Stone's son Hicks Stone's book about his father and has written biographies on the elder Stone for Wikipedia and the online Encyclopedia of Arkansas History and Culture. He made several more trips to Fayetteville over the years and met members of the Stone family as well as several of Stone's former associates. Skolmen also curated the exhibit of 36 images of Stone's work that is currently on display at the library through Aug.

    Originally designed in , the previously named Palo Alto Main Library was a testament to the popularity of modernist architecture in California at the time. Although Stone became disenchanted with the style in the '50s and eventually developed a highly personal style that combined historicism, formality and detail, he never considered himself "anti-modernist," Skolmen said. Stone wanted his buildings to embody timeless values rather than current architectural trends.

    Despite his distaste for the austerity of modernism, Stone equipped the library with a functional plan, large windows and open and flexible interior spaces — all elements that would be considered modernist. Although the library may not be considered classically modernist, it is still an "interesting example of what people were attracted to at the time," Kohn said. The building covering 25, square feet was rustic in nature, with brick entrance walls, a lighted ceiling with redwood dividers and a freestanding brick chimney, among other features.

    By Anthony Stone

    Over the course of 18 months, workers updated the vintage elements of the old library with some contemporary amenities, including the addition of four group study rooms, the Embarcadero program room and a new lobby. The firm also added a ground source heat pump system, structural brace frames, radiant floor slab in the library and lobby additions, low-flow plumbing fixtures and energy-efficient lighting and LED lighting, according to the city.

    The building reopened its doors in with a contemporary twist. It now includes four group-study rooms outfitted to accommodate electronic devices, and outdoor patios with bistro-style furniture for plein-air reading, among other features.

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    The years that followed were tough. Her mom's health improved, but both of her parents still needed caretakers. She felt betrayed by the church, furious with her ex-husband and at a loss for what to do next. And then her sister called. Henderson's sister became involved in the metaphysical world right around the time Henderson got involved with religion, so they'd never been close. Now living in Scotland, her sister had been diagnosed with cancer, and asked Henderson to be there with her while she underwent a run of alternative treatments.

    Her sister encouraged her to keep an open mind and heart, and Henderson found herself developing new gifts.

    Said in Stone

    First, there was the ability to smell spirits—Henderson would find herself overwhelmed with the scent of roses, lilies and lilacs when there were no flowers in the area. Or there was the time when her sister sensed a presence and warned Henderson not to go near it. Henderson approached it anyway, and felt a force push her, almost to the ground. She turned around and pushed back.

    She spent the rest of the month talking with her sister and learning more about the metaphysical world. And she wasn't the only one to undergo a miraculous recovery during the month-long visit: The tumors Henderson had been able to see through her sister's clothing when she arrived had shrunk to the size of peas by the time she left. When she returned home, Henderson found herself drawn to stones and crystals even more than before, and then had a dream that she was using rocks to see the future.

    She jotted her dream down in the middle of the night, took to the internet in the morning and found lithomancy. She spread all the stones she'd collected over the years—hundreds of them—over her bed, and chose 16 that called out her the most to use for her readings. She believes spirits, like the ones she encountered in Scotland, are made up of the same energy as we are—the only difference is that we have physical bodies. When she does a reading, it's just a matter of opening up the window between the two worlds and chatting through it.

    And as far as she's concerned, anyone who really wants to connect with the metaphysical world can. It's the tough times, she says, that helped her develop such a sense of compassion and gift for lithomancy; conversely, it's her spirituality that's provided healing from old wounds.