Word: foxed
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...When called by Congress to testify about his early membership in the Communist Party, Dassin skipped to London, where Fox production chief Darryl Zanuck let him shoot the Brit-noir Night and the City. It stars Richard Widmark (who died, also in his 90s, a week before Dassin) as an American tout aiming for the big score, then fleeing from its consequences. In his goon period, with that weird smile (his upper lip raised as if by invisible fish hooks), and outfitted in a checkered jacket so loud it practically barks, Widmark is the perfect sucker in a nightscape made...
...Smith, Michael Baisden and Warren Ballentine and other African-American radio personalities are not only increasingly audible to a wider audience but visible and influential as well. Says April Ryan, White House correspondent for American Urban Radio Networks (AURN): "My phone has been ringing off the hook with Fox News and MSNBC wanting interviews with me. Black radio has always been here, covering the important issues from a black perspective, but it wasn't until Barack Obama, emerged as the first black man to prove himself to be a viable presidential candidate that the mainstream media wanted to hear what...
...Bear's Mighty Fall I read with dismay Justin Fox's "The Bear Trap," about the collapse of investment bank Bear Stearns [March 31]. The market crisis is especially unsettling because it is self-inflicted. Over the past two decades, through the crippling process of outsourcing, we have relinquished our leads in manufacturing, engineering and technology. If we lose our status as the world's financial beacon, we will surely inch closer to becoming a nation of two dimensions: a bloated military power that consumes voraciously and produces little. Robert Winkelmann, Amityville, New York...
Concerning Justin Fox's "triple-A trouble" [March 24]: Standard & Poor's ratings bring an independent voice and transparency to the market to help facilitate access to capital. We have rigorous policies in place to support the independence of our ratings--which are based on consistently applied criteria--and we recently announced additional measures. A triple-A rating represents our opinion that a security or issuer has extremely strong capacity to meet its financial commitments. While the valuation of many triple-A structured securities has fallen heavily, very few triple-A securities (less than 0.1% originally given that rating...
More Money To read Justin Fox's daily take on business and the economy, go to time.com/curiouscapitalist