Word: jimming
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...musician who came out of the Cambridge revival of the 60s, called it the “flagship of the fleet.” Club 47 boasted an impressive list of past performers including, among others, Joan Baez, Jackie Washington, the Charles River Valley Boys, the Jug Band, and Jim Kweskin. Many of these premier folk musicians played gigs at Club 47 during the year and then congregated at the Newport Folk Festival during the summer...
...lanky, laconic figure who often sports a mohawk and downplays his experimentation as a part-time sideline to commercial TV work, the Ipoh-born Lee has been honing his craft for nearly a decade - moving beyond amateurish imitations of Jim Jarmusch where quirky characters seemed to inhabit a lot of dead, plotless space...
...wisdom that a rejuvenated Chinese economy, which grew 8.9% in the third quarter, could pull the global economy out of recession, several skeptics were arguing the Middle Kingdom's performance was unsustainable - and even that it was mostly a mirage. Chief among these naysayers is billionaire hedge fund investor Jim Chanos, who famously sold Enron short in 2001 after concluding that the rosy reports and projections about the company were not based on facts. He has come to a similar conclusion about China, according to Politico.com, and is shorting the country just as he did Enron. (See pictures...
...hard to tell if the skeptics are right. China is like the proverbial elephant being described by blind men: anyone can say anything depending on which part they happen to be touching. Jim O'Neill, head of global economic research at Goldman Sachs, is dismissive of the doubters. "I've seen similar sorts of stories about 20 times this year," O'Neill said last week during an interview on Bloomberg TV. "These are generally written by people that obviously just don't follow closely or study China." He maintained that, if anything, China's economic strength is being underestimated...
...Translation: global markets will remain buoyant longer than expected as the short-sellers are forced to cover their anti-China bets and the unbelievers finally come around and belatedly take long positions. For the sake of 1.3 billion Chinese and the rest of us, let's hope it's Jim O'Neill that's right, rather than Jim Chanos...