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There could be nobody better suited to describe the hilarious, improbable triumph of Robert Bolaño than Bolaño himself, which is a shame because he's dead. At the time of his death, in 2003, Bolaño was a major writer in the Spanish-speaking world but virtually unknown and untranslated in English. Why that should be is not much of a mystery. Bolaño was a difficult, angry, self-reflexive writer who lived an erratic and occasionally unpleasant life. And Americans, as the head of the Swedish Academy has annoyingly but rightly pointed...
...when the first of Bolaño's major novels, The Savage Detectives, a massive, bizarre epic about a band of avant-garde Mexican poets, was published in the U.S. last year, it instantly became a cult hit among readers and practically a fetish object to critics. Bolaño's second (and last) major novel is titled 2666, and if anything, it is even more massive and more bizarre. It is also a masterpiece, the electrifying literary event of the year. With its publication by Farrar, Straus and Giroux this week - adding to an oeuvre that includes several collections...
...subprime mortgages. In Canada's case, however, the reason for the assistance is a little different from some of its G-7 partners. Unlike banks in the U.S., Britain and Germany, which needed to be bailed out with hundreds of billions of dollars in new capital, Canada's major banks are solid and solvent. They don't need any help to work through their subprime exposure. (Find out 10 things to do with your money...
...average capital reserves for Canada's Big Six banks - defined as Tier 1 capital (common shares, retained earnings and non-cumulative preferred shares) to risk-adjusted assets - is 9.8%, several percentage points above the 7% required by Canada's federal bank regulator. That's a little better than major U.S. commercial banks like Bank of America, but significantly higher than an average capital ratio of about 4% for U.S. investment banks and 3.3% for European commercial banks...
...water - but the cost can range from $3,000 to $15,000 depending on how far down you go. If you want to go cheaper, you can also build a cistern to collect rainwater - but you should avoid this choice if you live near heavy pollution, like a major expressway or factory...