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...largest issue between now and whenever the cataclysm ends is whether the major economic powers develop more intimate relationships or are driven to isolation in order to defend their economies through protectionism. This development would reach an epic level if nations such as China began to hold capital in their country and slow their purchase of U.S. debt. That would begin a lethal exchange between the greatest exporting and importing nations of the world, with America blocking the inflow of Chinese goods and China flailing back by throttling its appetite for Treasuries. Without the ability to borrow money at reasonable...

Author: /time Magazine | Title: The Financial Crisis: The World At War | 3/3/2009 | See Source »

Frightening financial headlines quickly overwhelmed what little good economic news there was, such as an unexpected rise in U.S. personal income. A quick look revealed that it was largely driven by transfer payments, such as Social Security inflation adjustments and an extension of unemployment benefits, not the kind of capitalist fuel needed to power a real economic recovery...

Author: /time Magazine | Title: No Signs of a Bottom As Stocks Hit 12-Year Low | 3/2/2009 | See Source »

...Pollard has proven that, even at 51-years-old, he is more than capable of producing an entirely relevant and enthralling album.“The Planets are Blasted” is very much a continuation of what Pollard has done before. The GBV formula of simple pop songs driven by powerful riffs is still very much intact. Where Boston Spaceships differs from that band is in the quality of the recording process. Where GBV became associated with the lo-fi movement of the mid-90s, Boston Spaceships records in much higher quality, helping to deliver direct pop-punk...

Author: By Chris R. Kingston, CRIMSON STAFF WRITER | Title: Boston Spaceships | 2/27/2009 | See Source »

...detrimental to the film’s power. A frantic escape scene featuring Yong-soo is filmed in slow motion, presumably to increase the tension and drama of the moment. It comes across as overdone and totally lacking in suspense. The film also employs its fair share of flashback-driven montages, a superfluous technique that does nothing to advance the story. Attempts at symbolism in the movie are also heavy-handed. The rain, for instance, is referenced by Joon on multiple occasions as a representation of life, hope, and happiness. One of the movie’s more cringe-inducing...

Author: By Isabel E. Kaplan, CONTRIBUTING WRITER | Title: Crossings | 2/27/2009 | See Source »

...living. This is something to be excited about.Yes, you read correctly. While it’s a truism to say that the best art has always been created in poorer times, the real gift that all artists today have been given is the opportunity, freer than before from market-driven industry pressures, to answer an eternal question: where do we go from here? For many of the workaday sorts, the answer seems to be “backwards,” or at the very least, “stay put.” In her New York Times blog...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Economy Collapses, Artists Start Revolution | 2/27/2009 | See Source »

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