Word: shadowed
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Dates: during 2000-2009
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...whole self—ghost, past, present, and future. Carroll, who is to speak at the Harvard Book Store tonight, shared his feelings about categorization, fiction, and childlike wonder in an e-mail conversation with The Crimson.The Harvard Crimson: When you wrote “Voice of Our Shadow,” people “mistook” it for a horror novel. Later you were taken for a fantasy or science fiction writer. In past interviews you have said that you are trying to resist classification. What do you think about that?Jonathan Carroll: Critics and people...
...there's more than one kind of rousing. The last night at the Alamo was also stirring. Some rousing speeches were delivered in the trenches of the Somme. Given the dreadful litany that began his address, McCain couldn't quite shake the shadow of existential gloom...
...security detail says that Todd spent about half of his time in the governor's office - not at a desk (he didn't have one), but at a long conference table on one side of the office, with his own phone to make and receive calls. It became a shadow office, the informal Department of Getting Mike Wooten Fired...
This week's moves fit the pattern. But they also show just how far the crisis has spread. The decision to shore up commercial paper will allow companies that are unable to borrow money from either the shadow or the real banking system to have access to the lender of last resort (the government), ensuring that credit still moves in the system - hopefully. And the $700 million program Paulson is steaming ahead with will allow for the clearing of bad loans, and inevitably the orderly failure of companies that invested too heavily in them...
Will the moves work? Not even Paulson and Bernanke know. And what is most worrisome about the current crisis, and the latest moves it has necessitated, is that it shows how badly the shadow banking system has managed to undermine the traditional banking system by incentivizing those bad loans. Fueled by the shadow system's demand for loan-based derivatives, enough regular banks issued lousy loans that now they too are failing, hence the fate of Washington Mutual and Wachovia. In the worst case of an unchecked, full-blown panic, even banks that operated cautiously within the post-1929 safeguards...