Word: starke
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Lyrics like "If you liked it, then you shoulda put a ring on it" aren't the stuff of Sesame Street, and the stark white background and synchronized moves of Beyoncé and two other dancers, all in black leotards and heels, seem about as far from The Wiggles as one gets, which is why some parents have been taken aback by how popular "Single Ladies" is with their children. (See TIME's compilation of baby-loves-Beyoncé videos...
...Moulin Rouge-like music hall with ornate moldings and tapestries, though beautiful, presents a stark contrast to the set for “Stomp.†Quite overwhelming at first, it consists of worn and dented street signs, trash cans, construction tools, and metal siding flung across the stage or hung on a tall fence-like rack. It has a rough, rugged feel to it that complements the posh theatre surrounding it. The stage is topped off with loads of sand scattered across the floor. And so the stage is set. Lights rise. Action...
...thus creating a short-term opportunity for traders. Here's how it works with a currency like the Indonesian rupiah: the six-month London Interbank Offer Rate (or LIBOR, the benchmark for U.S. dollar borrowing), is now hovering at slightly less than 1%. That rock-bottom rate stands in stark contrast to the 6.5-7% rate of interest one can get from a short-term money market bill in Indonesia, where the 5-year government bond currently yields roughly 9%. The wide gap between the carrying costs of the two currencies is what is fueling the dollar-rupiah carry trade...
...bring down the budget deficit, while in France, President Nicolas Sarkozy is looking to add to the country's debt though a huge government-bond issue next year. Such divergences are already causing alarm. Unless exit strategies also address the long-term sustainability of public finance and other challenges, Stark says, "the current crisis is bound to be exacerbated by a sovereign debt crisis...
...Congress legislated a transformation of the financial sector, establishing a new regime of securities regulation, creating the Federal Deposit Insurance Corporation and segregating commercial banks from Wall Street. It's not obvious that we need such a drastic overhaul now, but the contrast with the 1930s is stark. Ironic, too. By leaving financial markets alone, Mellon and his kindred spirits at the Fed ushered in an economic collapse that led to permanent government intervention in the financial sector. By intervening, Paulson and his kindred spirits at the Fed seem to have headed off a re-enactment of the New Deal...