Word: shadows
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After the abbey visit, students' reactions ranged from personal to philosophical. Nikki Wyne, 20, a sophomore in blue eye shadow and Jesus-fish earrings, spoke wistfully about the monks' vow of poverty and the simplicity of the service. "Living in the nonmaterialistic environment is, I think, making a huge statement," she said. "I get jittery if I haven't checked my e-mail in an hour...
...accompanied by girls in slinky sequined outfits with tail feathers. Damaris and the drummer, Piri, wound up having a daughter together but eventually divorced. He moved to Mexico, found a new wife and had another child. So Damaris is raising their child alone in a small apartment in the shadow of the capitol...
...past few weeks, you’ve probably seen a few editorials in various publications trumpeting Barack Obama’s election as a harbinger of the end of racism in America. Since we have elected a black man president, the argument goes, discrimination in this country is a shadow of the serious problem it once was. And certainly, it is true that since the Civil Rights Movement, our society has made tremendous strides towards tolerance, reconciliation, and the attenuation of racial stereotypes...
...Geithner is working with a fairly well thought-out historical perspective on the crisis. He believes the U.S. government allowed the creation of a massive shadow banking system run by investment banks, hedge funds and brokerage firms over the last 30 years that rivaled the traditional system in size but lacked every one of the stabilizing pillars that had been erected beneath it after the Great Depression: deposit insurance, access to a lender of last resort, a system for orderly failure, and reasonable constraints on risk and leverage. With near bottomless funds from money-market investments and sky-high leveraging...
...completely; and intervening to wind down big players with a semblance of order, without which we could have seen a retail panic against a Merrill or Wachovia or AIG. As Treasury Secretary, Geithner will play a large role in erecting the last pillar - regulating risk and leverage in the shadow banking system...