Word: cit
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...lyrics, Ndiaye, who immigrated to France from Senegal at age 16, evokes the violent rivalry between the youth of his housing project - or cité - and a neighboring one, the temptations of dealing drugs and easy money, and all that's obscured when these things come to define his neighborhood. "There is a lot of good in the cités, but you have to look for it," he says. "There are people who are in the shadows, who the town hall, the government, have forgotten and left behind...
Whether or not the album will bring fame to any of the residents of Flandres remains to be seen. But for Ndiaye, a new beginning already seems possible. "What Tricky gave me, and all the little ones from the cité, is huge," he says. "He gave us energy, he was, like, 'Get up and move, it's time.' And even when he's gone, we're going to keep moving...
...more competition is on the horizon. In the past two months, Goldman Sachs, Morgan Stanley, Raymond James, GMAC, American Express and business financier CIT have all applied to convert into bank holding companies, partly in order to be able to get access to cheap funding through deposits. GE Capital, the finance arm of GE, is planning on doubling its deposit base, which it garners through broker-sold CDs, to $81 billion next year. Goldman Sachs is on track to open an online bank. Morgan Stanley, which already has $36 billion in deposits, is selling billions of dollars' worth...
...14th century, the southern town of Avignon even served as the temporary home to the papacy. But France is also where modern anti-clericalism became ascendant with the 1789 Revolution, which eventually led to the thick black line separating church and state known as laïcité, and the arrival of humanist reason as the guiding principle in contemporary culture...
...French President Nicolas Sarkozy has poked at this spiritual status quo, using a visit to Rome's Basilica of St. John Lateran to call for a "positive" conception of laïcité, which would also encourage public expressions of faith. Some critics, however, say that the twice-divorced Sarkozy sees the symbolic and historic identification with Christianity as a way to respond to the growing assertiveness of French Muslims...