Academic

The Bernanke Exit in Dillon, SC, Forestalling Retrenchment at the Conglomerate

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

Ben Bernanke has a sweet speech on the occasion of naming an interstate exit after him in his home town of Dillon, SC:

It is a great pleasure to be back in Dillon today and to enjoy the signal distinction of having Exit 190 on Interstate 95 named in my honor....[M]y family ties to Dillon extend back more than six decades.  My paternal grandparents, Jonas and Lina Bernanke, purchased a drugstore on Dillon's Main Street in 1941 and moved here from New York.  Jonas called the store Jay Bee Drugs, after his own initials.  Eventually, my dad, Philip, and his brother, Mort--who still lives in Dillon--bought the store from my grandfather and ran it for many years

There are some homespun lessons here, of the sort that can inspire all of us to don't stop believin':

"We are not quitters"[, said another illustrious Dillontonian].  Well, neither are the American people, despite the economic challenges we now confront.  For our part, at the Federal Reserve, we will continue to forcefully deploy all the tools at our disposal as long as necessary to support the restoration of financial stability and the resumption of healthy economic growth.

Inspiring words, not least to your humble writer.  This challenging economic environment has not been kind to law blogs, but we at the Conglomerate wish to assure you that we plan no cutbacks in the service that we provide our valued customers.  Although we are a nonprofit, nonprofits have been as affected as anyone by the current recession.  We staff leanly, however, have eschewed leverage and debt, and believe that we are well positioned as any in our peer industry to ride out - and, indeed, possibly take advantage of - the current unpleasantness.

Full post as published by Conglomerate on March 07, 2009 (boomark / email).