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...great risk, as consumers like Calderon cut their spending, is that bad economic news begets more bad news. Bernanke recently called this the "adverse-reaction loop": as consumers spend less, the economy weakens more, unemployment rises, mortgage foreclosures increase, putting more pressure on the financial system, and on the downward spiral goes. Capital Economics' Ashworth acknowledges that the "scenario is out there. It can't be totally dismissed. This deleveraging process could get very, very scary...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

Dorothy’s red heels click incessantly on the screen. They close and open again and again but Dorothy doesn’t budge. But these heels are not going to bring anybody back to Oz—they’re stuck in a continuous loop. No, you’re not witnessing the result of a bad download; you’re watching “Lossless #1,” the first piece in the fall exhibition Lossless at the Carpenter Center’s Sert Gallery. Lossless is a collection of five deconstructed and digitally...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: Lossless Blurs Lines Between Old, New | 10/9/2008 | See Source »

...adapted from a show in Israel, which earlier this year gave us HBO's therapy drama In Treatment. In this dramedy, emphasis on the -medy, single gal Bella Bloom (Elizabeth Reaser - and, yes, Bloom owns a flower shop) throws a bachelorette party and gets thrown for a loop when the bridal party visits a psychic. Bella, the clairvoyant says, will get married within a year, to one of her ex-boyfriends - but if she doesn't find him in that time frame, she will never marry. (Some prophets speak in parables; this one speaks in high-concept-series pitches.) Each...

Author: /time Magazine | Title: Fall TV: Remade in the USA | 10/3/2008 | See Source »

...that financial experts call deleveraging. Having accumulated debts beyond what's sustainable, households and financial institutions are being forced to reduce them. The pressure to do so results from a decline in the price of the assets they bought with the money they borrowed. It's a vicious feedback loop. When families and banks tip into bankruptcy, more assets get dumped on the market, driving prices down further and necessitating more deleveraging. This process now has so much momentum that even $700 billion in taxpayers' money may not suffice to stop...

Author: /time Magazine | Title: The End of Prosperity? | 10/2/2008 | See Source »

...identify them and marvel at their complete transformation. “Feed the Animals” is more hyperactive than Girl Talk’s previous album “Night Ripper,” with songs darting from genre to genre and rarely lingering long on any one loop. Though this hyperactivity may overwhelm at points, Girl Talk’s redistribution of guilty pleasures, classic rock favorites, and club standards can also be exhilarating during crucial moments like the end to “Set it Off,” when he races from Mary J. Blige?...

Author: By Nayeli E. Rodriguez, CRIMSON STAFF WRITER | Title: Girl Talk | 9/18/2008 | See Source »

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