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...highest number since 1993, when 50 failed. More disturbing, an additional 252 banks, representing $159 billion in assets, went on the FDIC's "problem list," up from 76 institutions, worth $22 billion, at the beginning of 2008. That increase is already translating into what could be a record number of bank failures in 2009. Already this year, 19 banks have failed...

Author: /time Magazine | Title: FDIC Reports That Bank Failures Are Rising | 2/27/2009 | See Source »

...Planets are Blasted” is very much a continuation of what Pollard has done before. The GBV formula of simple pop songs driven by powerful riffs is still very much intact. Where Boston Spaceships differs from that band is in the quality of the recording process. Where GBV became associated with the lo-fi movement of the mid-90s, Boston Spaceships records in much higher quality, helping to deliver direct pop-punk in a style more suited to Pollard’s mature songwriting talents.From the start, “The Planets are Blasted” fulfills this promise...

Author: By Chris R. Kingston, CRIMSON STAFF WRITER | Title: Boston Spaceships | 2/27/2009 | See Source »

...begging others to take note.If France’s Phoenix and the New York-based Yeah Yeah Yeahs are any indication, other musicians certainly have. Both bands exploded onto the indie rock scene around the turn of the millenium, but their newest offerings stand to be radically different records than their previous fare.If the first single from the upcoming “Wolfgang Amadeus Phoenix” titled “1901” can be taken as any evidence, the stylish and exacting pop sound that has become characteristic of Phoenix has been overhauled, replaced by a recognizable, though...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Economy Collapses, Artists Start Revolution | 2/27/2009 | See Source »

...rock blazing in the background, the store’s shelf labels reveal a wide span of genres—including world, classical, and rock and noise. “The name is Weirdo for a very good reason,” Sawyer said. Following the demise of various record stores in Cambridge—including Harvard Square retailers HMV in 2003 and Tower Records in 2006—Weirdo’s entrance stands in contrast to the downward trend that has plagued music stores in past years. Duncan H. Browne, CEO of Newbury Comics, which has a branch...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: ‘Weirdo Records’ Opens to Fanfare | 2/26/2009 | See Source »

...Easter Seals, the National Federation of Independent Business, the Pharmaceutical Research and Manufacturers of America (PhRMA) and the U.S. Chamber of Commerce. Most participants declined to comment directly on the talks, saying they were sworn to secrecy by Kennedy and risked expulsion from the meetings by talking on the record - though a few were willing to speak anonymously about some of the progress that has been made. Most were eager to praise the new momentum Obama has breathed into the talks this week, including the breakout session on health in his fiscal-responsibility summit on Monday, the underlining...

Author: /time Magazine | Title: Obama Moves Health Care to the Front Burner | 2/26/2009 | See Source »

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