Policing the Crisis: Mugging, the State, and Law and Order (1978), the Birmingham collection that predicted the British Labour Party's epochal demise, is now more than 30 years old. In that time, has cultural studies transformed the disciplines of the human sciences? Has cultural studies changed the means of transmission of knowledge? Has cultural studies made the American university a more egalitarian or progressive institution? Those seem to me to be useful questions to ask, and one useful way of answering them is to say, sadly, no. Cultural studies hasn't had much of an impact at all....
The result is that cultural studies now means everything and nothing; it has effectively been conflated with "cultural criticism" in general, and associated with a cheery "Pop culture is fun! " approach. Anybody writing about The Bachelor or American Idol is generally understood to be "doing" cultural studies, especially by his or her colleagues elsewhere in the university. In a recent interview, Stuart Hall, a former director of the Birmingham Centre and still the most influential figure in cultural studies, gave a weary response to this development, one that speaks for itself: "I really cannot read another cultural-studies analysis of Madonna or The Sopranos."...
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Even Dominique Strauss-Khan, Managing Director of the International Monetary Fund, who is always reserved in his predictions, announced on September 24, 2009 during the TV conference with members of Yalta European Strategy international forum: "The peak of the universal economic crisis is over. We can already see the light in the end of the tunnel. Economies of some countries are becoming healthier already".
Meanwhile, world stock pitches influenced by the news of recession end and oncoming crisis end were marked with record growth rates. RTC - Russian stock index - became the leader of the year, its rate has doubled.
We would like to remind you that MMCIS investments analysts were some of the first to announce of the crisis ending and stabilization of economic situation in the investment market.
MMCIS investments published financial reports for September, 2009 show that positive tendencies continue. Thus, Fund's income for reporting period was 32% annual for USD deposits. Average annual profitability of deposits for 2009 is 47.44%, which agrees with the predicted profitability rate. Fund's capitalization this month has increased insignificantly, however positive trend continues. For October 1, 2009, total amount of the Fund's assets was 473.99 million USD, it being 468.76 for September 1, 2009, and 444.25 million USD for August 1. So, Fund's assets increased by 30.98% from the beginning of the year, which is 1.45% more comparing to last month.
In regards of Forex, FOREX MMCIS group analysts point out the increase of activity on major world stock exchanges and increase of major currency pair EUR/USD volatility for the last month, which is the evidence of banks reviving in the market. Thus, EUR/USD exchange rate fluctuation for the period from August 1, 2009 to September 1, 2009 was between 1.4045 and 1.4445, and for the period from September 1, 2009 to October 1, 2009 - between 1.4177 and 1.4842. Thus, the range of EUR/USD rate fluctuation for the recent month increased from 400 points to 665 points, which is 66%.
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