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...past few years, he's launched a cartoon hip-hop band (Gorillaz), an Afro-pop album (Mali Music) and a side project with a member of the Clash. All were slightly ridiculous (hip-hop, world music, supergroup--the hubristic rock star's triple crown) but well received, yet none can quite prepare you for Albarn's latest: Journey to the West, a "circus opera" based on a Ming-dynasty novel, with lyrics in Mandarin by Chinese actor Chen Shi-zheng. The protagonist is the wildly self-confident Monkey, who irritates his peers with his certainty that he is far more...
...result was a parallel system almost as big as the banking system that had none of its post-Depression stabilizing pillars: no deposit insurance, no access to the lender of last resort, no resolution regime and only a patchworky, inadequate framework of restraints for risk-taking. In the old system, Americans' deposits in regular banks financed the system. In the shadow banking system, Americans' deposits in money market funds provided the asset anchor. As AIG teetered on the brink in mid-September, a run began by institutional investors on the money market funds...
...international interests when there is a powerful domestic constituency lobbying on the other side. The solutions require broad-based changes to our political culture—from lessening the influence of money in politics, perhaps through publicly-financed elections, to further tightening rules governing lobbying and ethics. While none of this is easily achievable, the adverse consequences that can result from misguided foreign policy decisions should, at the least, prompt a vigorous debate about how we can best limit the influence of distorting lobbies on the U.S. government. Only then will foreign policy stop reflecting special interests and start reflecting...
...operation has certainly been a roaring success in the town of 25,000. On a housing estate that usually reported five crimes a day, none were reported during a week-long trial run, prompting a local homeowners' association to raise $26,000 to help fund the operation for the rest of the year. And Britain's Home Secretary, Jacqui Smith, urged police forces across the U.K. to adopt similar programs...
...None of this is to condone leaving students from low economic backgrounds by the educational wayside. There will always be outliers, and there are surely members of lower socioeconomic classes—first-generation immigrants, for instance—who are on the academic rise. As members of educational elites, we should continue to help pave the way for these individuals by supporting college-level programs like the Harvard Financial Aid Initiative, as well as efforts for younger students, such as the successful New York-based Prep for Prep program...