Word: predecessor
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...modern-day bildungsroman of social networking. The idea was birthed in the seedy underworld of the Internet by the same folks who brought you such innovations as spam, the pop-up ad and spyware. The site itself was a rip-off, a hastily thrown-together clone of its predecessor Friendster. Both sites missed the heyday of the Web bubble, but there's something to be said for persistence and a good idea, and MySpace quickly grew far beyond anyone's expectations. (See TIME's 50 best websites...
Geithner, his predecessor Hank Paulson, FDIC chief Sheila Bair and Fed Chairman Ben Bernanke have so far used ad hoc powers to erect two of those crucial four pillars. Last fall they introduced Fed-sponsored insurance for money-market deposits, the equivalent of the FDIC insurance that exists for regular bank accounts. At the same time, they opened Fed lending to financial-services companies, making the Fed the lender of last resort for those firms, just as it is for traditional banks. In the past two days, Geithner unveiled the final two safeguards that he, Bernanke and Bair believe will...
...Benjamin Netanyahu. With Labor on board, Netanyahu's coalition, stitched together with an array of ultra-Orthodox and nationalist parties, now has a majority in the 120-seat Knesset. The hawkish Likud leader is likely to be sworn in as Prime Minister next week, ushering out his disgraced predecessor, Ehud Olmert, who faces possible corruption charges...
...Stephen Johnson rejected the recommendation and delayed the process of regulating it, part of the Bush Administration's general obstructionism on climate change. When Lisa Jackson took over the EPA under the new President, however, she told Congress that one of her first acts would be to reevaluate her predecessor's decision, and she didn't drag her feet. "It's an exercise in leadership that takes the first step in regulating CO2 emissions from automobiles," says John Walke, the clean air director for the Natural Resources Defense Council...
...seen already. Arkin’s grandfather character appears to have risen from the dead to star in yet another film, although this time it is he and not Greg Kinnear who is hooked on get-rich-quick schemes. Even the storyline follows the same arc as its predecessor. So which film deserves the title of “Sunshine?”Surprisingly, the parallels between the two films work. Big Beach may be a one-trick pony, but the trick is excellent; the mix of quirky personalities, preposterous situations, biting sarcasm, and slapstick is every bit as effective...