Word: rocks
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Dates: during 2000-2009
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...Comet was parked on the front lawn, tins of bacon grease filled up the kitchen, cigar smoke stunk up the air, and newspapers littered the floors. But the little bungalow at 5124 De Longpre Avenue in East Hollywood was the epicenter of a cultural earthquake that continues to rock Los Angeles's literary landscape. It is the house where Charles Bukowski went from blue-collar postman to full-time writer, eventually becoming world famous for his bawdy tales of lust, liquor, and love...
When England's century-old Northern Counties Permanent Building Society merged with the Rock Building Society to become Northern Rock in 1965, it's hard to imagine it was too troubled by the health of the U.S. mortgage sector. But times change. The tight squeeze in the global credit markets has struck another financial institution, and forced another central bank to intervene...
...Late Thursday, it emerged that the Bank of England had pledged emergency credit to Northern Rock, Britain's fifth-largest mortgage provider and the U.K.'s first bank to be left reeling from the global credit crunch. Jitters in the credit markets were triggered by the collapse of a U.S. subprime mortgage sector built on lending to home buyers with poor credit histories. With that risky debt having been spliced, repackaged and flogged to banks around the world, financial institutions are less keen to lend each other cash. And when they do, they're charging each other more...
...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...
...into doing sound tracks, what with being a huge rock star and all? Is it a lot different from doing Pearl...