Word: approachers
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...government tried several stop-gap measures to no effect and in late 1992 opted for a complete re-booting of Sweden's financial system. Conservative Prime Minister Carl Bildt's administration sat down with the center-left opposition and came up with a bipartisan, multi-tiered approach. The government issued blanket insurance for a period of four years to creditors in all the country's 114 banks. It established an agency to oversee all banks that needed recapitalization and told them to immediately write down their losses...
...Within several years, Sweden succeeded in getting its economy back on course. Growth has been as robust as in any country in western Europe in recent years and its banks have helped finance the economic boom in the Baltics and points east. Whether its approach could work in the far larger and more complicated U.S. market isn't clear. Certainly the captains of Wall Street would bray over the mere hint of nationalization. But with hundreds of billions of dollars at stake, it might be worth, at the very least, a hard look...
That's all pretty cool, but MySpace's real boon is providing people a better way to find new music. Music discovery is all the rage these days; Apple's Genius feature and Microsoft's Zune music player both rely on a computer-mediated, algorithmic approach to recommendations. MyMusic's solution is simpler, and far better, I think: it lets you know what your friends are listening to. Like Facebook, MySpace has a news feed, which figures out which of your friends interests you most and communicates their doings to you. So, if my musician brother Seth Augustus (a stage...
There's no question that many Chinese were willing to accept the need to show a united face to the world in the approach to the Olympics. But within days of the closing ceremony, a public protest demonstration against the government in a Beijing suburb signaled that the grace period was over. The string of disasters that has befallen the nation since then will only add to questions about where the limits of the long-suffering public's patience lie. This week, anger over the tainted-milk-powder scandal was palpable at one of Beijing's main Children's Hospitals...
...opinion polls have been predicting that Labour faces possible annihilation at the next election, due by spring 2010. The data pinpoints Brown as a liability. When he replaced Tony Blair, voters saw in the serious Scot a refreshing change from his predecessor's slick style. But Brown's deliberative approach has come to appear indecisive; his detail-heavy, poetry-free utterances have failed to connect with voters. He acknowledged these failings in his speech to the delegates. "I didn't come into politics to be a celebrity or to be popular," he said, adding, "Perhaps that's just as well...