Word: shadower
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...11th year of his third (or is it his fourth?) creative peak, it’s pointless to talk about Bob Dylan outside of the context of the shadow he casts over the American musical landscape. The man is an institution, and, if he lives another 67 years, it goes without saying that critics will keep on leaning over one another to hear what new and indivisible truths he’s plucked from the ether and placed in his music. His last album, the vibrant and meditative “Modern Times,” cemented yet another victorious...
...When you start to think about the vast digital databases that shadow our lives, the general incomprehension about the Middle East, and the readiness to blacklist people - guilt by association - you start to suspect George Orwell was right. And, incidentally, it doesn't have to be this way. Before 9/11, the FBI and CIA sifted through tens of thousands of terrorist leads every day. Ninety nine point nine per cent turn out to be bogus. The names never made it onto national master list and stayed in the raw files where they belonged. We missed 9/11, but not because...
...Less obvious is the support the dollar is getting from an unlikely quarter: global hedge funds and other nonbank financial entities. This shadow banking system has borrowed trillions of dollars to leverage its investments. But the crisis has triggered massive early loan repayments, and because these loans must be repaid in the U.S. currency, demand for the dollar has increased, driving up its value. It's not just hedge funds that are affected. Foreign banks, which hold $12 trillion in dollar assets and liabilities, are also in the process of deleveraging...
...support the government's efforts to end the turmoil, but are itching to emphasize Brown's own role in creating it. "When he rewrote financial regulation in 1997, Gordon Brown took away the Bank of England's power to call time on the build-up of debt," Conservative Shadow Chancellor George Osborne tells Time in a rare frontal attack. "The result is that we now have the most personal debt of any major economy ever...
...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...