Word: underground
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Dates: during 2000-2009
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...efficient means of capital allocation in ways the country's socialist-era financial system cannot. The People's Bank of China, the central bank, discovered this recently when it started monitoring gray-market capital flows in Zhejiang. Expecting to find shadow bankers charging exorbitant rates, they instead discovered that underground interest rates were only marginally higher than what banks offer and repayment terms were better. This steady source of finance has given Zhejiang not only China's most vibrant private economy but also the lowest level of nonperforming bank loans in the country. Permitting informal lending allows state-run banks...
...Eyedea and DJ Abilities have garnered praise for technical prowess as well as for their song-oriented approach to the mostly battle-driven scene of underground hip-hop. They perform at the Middle East in support of their new album E&A with Illogic, & DJ Przm and Los Nativos. 18+, $12 advance, $14 at door. Middle East downstairs...
Luna, the group formed and lead by Wareham, has been one of the bastions of Velvet Underground-influenced mid-tempo guitar pop throughout the ’90s and into our ’00s, releasing seven critically lauded albums. Yet despite this success, they will disband after their current tour in February...
Despite their sudden disappearance from the landscape, their long-term importance has remained intact: the trademark sound of soaring, pedaled, yet restrained guitar and whining/majestic vocals over a solid foundation of simplistic drumming and basswork defined the style of the nth generation descendants of the Velvet Underground, and in turn helped to inspire the shoegaze and slowcore movements that were so fruitful in the early and mid ’90s. To this day they remain one of Boston’s most famous indie exports...
...verge of kitsch. It’s a pity Ariel Pink doesn’t have Beck’s talent, or this album might have been a lo-fi classic instead of a half-fleshed out concept. The Doldrums is troglodytic music: the detritus of decades pushed underground and reformed into something unsettling and unfit for the light...