Word: rockingly
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...backup group, doing a raffish "For the Benefit of Mr. Kite." There's also an excellent "Come Together" performed by Joe Cocker, who, astonishingly, has outlived both crimes against his body and most of his contemporaries. (He and Jerry Lee Lewis are the very improbable Indestructibles of rock 'n roll...
...young, Minnesota Bob is played by a charming black kid, Marcus Carl Franklin, who gives every indication of being a blues-guitar prodigy. A 19-year-old Dylan, spouting aphorisms at a court hearing, is London stage actor Ben Whishaw. Blanchett plays prime-time Bob, the electrified folk-rock star who's getting annoyed by fame. The '70s, counterfeit-cowboy Dylan is Richard Gere. The movie leaps further into fancy by inventing Jake Rollins (Christian Bale), the Dylan character in a Hollywoodish '60s biopic called Grain of Sand, and Robbie Clarke (Heath Ledger), the actor who plays Jack. Is everyone...
...German, French and Dutch institutions have already come unstuck through exposure to the subprime debts. Northern Rock's problem: Its modest savings business compared to its mortgage lending arm means it leans on wholesale credit markets for a larger share of its funding than its rivals. With that well drying up, it "hits them disproportionately," says Alex Potter, an analyst at Collins Stewart in London...
...Shares in the lender plummeted by a quarter on Friday (they'd already fallen by half this year). But Northern Rock isn't likely to fold. Britain's Financial Services Authority called the bank's loan book "good quality" in a statement issued jointly with the Bank of England and the U.K. Treasury. And though it's not yet clear how big the Bank of England's lifeline is, the central bank's cash means savers' own deposits are safe. "If I were a depositor, knowing I have the Bank of England behind me is probably the safest place...
...price in freefall, a takeover is another potential outcome. "Who would be doing it?" asks Justin Urquhart Stewart at Seven Investment Management in London: "Anyone wishing to buy that asset book at discounted value." And further fallout from the squeeze on credit could yet follow in the U.K. Northern Rock rivals Alliance and Leicester and HBoS similarly rely on liquid credit markets, albeit to a degree that's "smaller in magnitude," Collins Stewart's Potter wrote in a research note. Northern Rock, in other words, may not be the last financial institution to find itself in a hard place...