Word: alt
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Dates: during 2010-2019
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...Here Lies Love” means first coming to terms with the bizarre reality of this album: David Byrne, Fatboy Slim, and a host of guest singers narrating the rise and fall of Imelda Marcos, First Lady of the Philippines from 1965 to 1986. It’s an alt-rock opera about a woman most well known for the appalling excess of her collection of 3,000 designer shoes. As if that weren’t bewildering enough, it fails to cover the most well-known events of its subject’s life; Byrne, the album?...
...same time, the industry is bracing for an avalanche of specialized adjustable-rate mortgages, known as option ARMs, as well as certain alt-A mortgages, to reset over the next 12 to 15 months. At least $60 billion in option ARMs will reset in 2010, and an additional $64 billion will do so in 2011, according to First American CoreLogic. Experts say this will likely trigger another round of mortgage defaults and foreclosures in the second half of 2010 and cause home prices to fall another 5% to 10% this year before the market bounces back...
...effortlessly. Her 2006 album 5:55, a collaboration with Radiohead producer Nigel Godrich, topped the French charts, with critics praising her as a true chanteuse. For her latest album IRM - which will be released on Jan. 26 in the U.S. and most of Europe - she teamed up with eclectic alt-rocker Beck. "He wrote all of the music and lyrics, but we really had an exchange. The album is very close to me," she says. In sessions at Beck's studio in Los Angeles, Gainsbourg tried to inspire him with books like Through the Looking-Glass. He played her beats...
...waterskiing accident. While the procedure was a success, Gainsbourg was so rattled by the incident that she insisted on undergoing brain scans for several months afterward to make sure she was all right. To overcome her paranoia, she eventually threw herself into her music, teaming with eclectic alt-rocker Beck to record her third album, IRM, released in the U.S. on Jan. 26. Gainsbourg also took a lead role in the Lars von Trier film Antichrist, which required her to attack Willem Dafoe with a shovel and simulate mutilating her own genitals. For her troubles, she won the Best Actress...
...biggest problem will likely be a flood of inventory hitting the market from rising foreclosures, says Bob Curran, a managing director at Fitch Ratings. With a mountain of specialized adjustable-rate mortgages, known as option ARMs and certain Alt-A mortgages, slated to reset over the next 12 to 18 months and unemployment projected to hit 10.5% this year, the number of homeowners defaulting on their mortgages is expected to surge. At least $64 billion in option ARMs will reset in 2010 and another $68 billion in 2011, according to First American CoreLogic, a real estate and mortgage-data company...