Word: record
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...move to recapitalize the banks got an endorsement in global stock markets, which momentarily roared back, in many cases with record one-day gains. "[They] have headed off a full-blown collapse of the economy," says Anil Kashyap, an economist at the University of Chicago Graduate School of Business. "There's a 0% chance of 1930s-type depression...
...billion Paulson just got from Congress, but Bair notes that in the past, the FDIC hasn't needed much. Even at the peak of the savings-and-loan crisis in the late 1980s, when thrifts were closing at the rate of one a day, the FDIC maintained its perfect record of returning every penny of every insured depositor's money, and Bair has preserved that record through 15 bank failures this year. That's partly because the FDIC by law gets to tap a failed bank's assets before any other creditors get a crack at the safe...
...witnessing the birth pangs of another Great Depression? Karl Marx once observed that history repeats itself, "first as tragedy, second as farce." But the record of the past emphatically suggests that we are not suffering through a play-by-play recapitulation of the catastrophe of the 1930s. To be sure, we may be brewing our very own 21st century economic calamity. But if so, it will be altogether different in its sources, scale, severity and duration from the last century's ghastly, decade-long, globe-girdling ordeal. It is only the consequences that may be similar...
Last Week's Record: 6-0 Record to Date...
...hard-luck” chanteuse and former fellow West Villager, has said. She could certainly sing and strum the banjo (and a 12-string Gibson guitar to boot), but Karen Dalton didn’t pen a single track on either of the two albums she managed to record in her lifetime. Fully gripped by the cult of the Singer-Songwriter—the belief that one needed to be both a vocalist and a lyricist in order to be great (or even good)—and the perception that Dalton was a mere cover artist, conventional folk musicians...