The Spanish government has moved to ‘bail out’ the first banking institution to fail in Spain during the current financial crisis.
In Spain, we have banks ‘bancos de credito’ and building societies ‘cajas de ahorros’, with the building societies being the most common place for Spaniards to keep their money. There are tons of building societies here, and the Caja Castilla La Mancha (CCM) isn’t the largest by a long way (I believe that this honour falls to La Caixa d’Estalvis i Pensions de Barcelona, ‘La Caixa’). In fact, CCM is apparently the newest of Spain’s building societies. All the same, news of troubles at CCM suggests that the building society system here, much touted as being safer than those in other European countries, isn’t quite as cast-iron as we’d been led to believe.
I bank with La Caixa (well, I have my salary paid there: I don’t get involved in anything more complex than having a credit card), and I will be damned annoyed if it appears that the Barcelona bank is in trouble too. The amount they charge me for basic services….
Let’s hope that this so-called bail out means that normal customers don’t end up losing any of their cash. But shouldn’t we be pushing for a full nationalisation of the banks? I feel a poll coming on.
[Reprinted in full as it seems to have disappeared.]
“Theirs is a rock that doesn’t merely cross-breed or bend genre: it obliterates it.”
Gregory S. Moss on 73 years of Royal Trux
by gregory moss
1998 marks the seventy-third year of tireless operation for the rock and roll entity known as ROYAL TRUX. A virtual Zelig of Rock Music, Royal Trux has successfully insinuated themselves through previously unsuspected time rifts, moving up and down through voices and bodies, pulling a field holler moan into RATT style arrangements, channeling Janis Joplin and Marc Bolan into Bow Wow Wow contexts, stabbing needles of white noise transmission from Sun Ra’s ghost into the aesthetic dimension occupied by Prince. Anyone who has followed their career with any persistence (and I don’t know anyone who likes ALL of their albums – a tribute to their ability to completely change their mode and means of expression) knows that Royal Trux EMBODIES rock and roll: spirit made flesh. They are an anomaly and their nonesuchness increases with each passing year. They are rock pantheists – denominations of indie, aor, underground, top forty pop, alternative, classic – all these terms revert to the meaningless dust they are in the hands of Trux. So vast is their accomplishment is that it can only be appreciated from an aerial view: to fully get Royal Trux (and you can’t) you’d have to listen to their entire discography SIMULTANEOUSLY. Theirs is a rock that doesn’t merely cross-breed or bend genre: it obliterates it.
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