By Alena Graedon
A dystopian novel for the electronic age, The note alternate deals an artistic, suspenseful, and decidedly unique imaginative and prescient of the hazards of expertise and of the iconic energy of the broadcast word.
In the not-so-distant destiny, the forecasted "death of print" has turn into a fact. Bookstores, libraries, newspapers, and magazines are issues of the earlier, and we spend our time glued to hand-held units known as Memes that not just continue us in consistent communique but additionally became so intuitive that they hail us cabs ahead of we go away our places of work, order takeout on the first growl of a hungry abdominal, or even create and promote language itself in a industry referred to as the notice Exchange.
Anana Johnson works together with her father, Doug, on the North American Dictionary of the English Language (NADEL), the place Doug is difficult at paintings at the final version that might ever be revealed. Doug is a staunchly anti-Meme, anti-tech highbrow who fondly recalls the times while humans used electronic mail (everything now's textual content or videoconference) to communicate--or even really spoke to each other, for that subject. One night, Doug disappears from the NADEL places of work, leaving a unmarried written clue: ALICE. It's a code notice he devised to sign if he ever fell into harm's approach. And hence starts off Anana's trip down the proverbial rabbit gap . . .
Joined through Bart, her bookish NADEL colleague, Anana's look for Doug will take her into darkish basements and subterranean passageways; the stacks and examining rooms of the Mercantile Library; and mystery conferences of the underground resistance, the Diachronic Society. As Anana penetrates the secret of her father's disappearance and an outbreak of decaying language known as "word flu" spreads, The note trade turns into a cautionary story that's straight away a technological mystery and a meditation at the excessive cultural bills of electronic technology.
From the Hardcover version.
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Additional resources for The Word Exchange: A Novel
Were options an “asset,” and should they be placed on the firm’s balance sheet? Similar questions arose around banks’ and brokerages’ responsibility for the securitizations they originated. In addition to derivatives, a growing portion of the universe of investment objects were off-balancesheet securities. The shadow banking system fostered the growth of yet another “oldnew” institution, specialty finance companies. They make a wide variety of loans, primarily to businesses. The companies exist because their parent firms are considered highly creditworthy and can borrow at relatively low interest rates in capital markets, or because they sold the loans they made into securitizations (the originate-to-distribute business model).
15. ” The benign economic and financial environment was reflected in many ways. For example, the disinflation of the early 1980s made it possible for corporations to finance growth through capital-markets borrowing, leading to an increase in balance sheet that outstripped the increase in firm value. 17, when nonfinancial corporate business began to see strong profit growth, and leverage ratios declined rapidly until the onset of the subprime crisis. But shadows did appear on the horizon. S. household savings rate.
Removal of Price and Interest Rate Controls Historically, interest rates and prices of financial services have often been capped. S. deposit interest rates that had been capped under Regulation Q since 1933. The remaining caps were gradually removed by the Monetary Control Act of 1980. In the brokerage industry, fixed commissions for stock trades on the New York Stock Exchange were abolished in 1975. Other countries followed, such as the United Kingdom with its “Big Bang” reform of 1986. Limits on foreign exchange rates have been the most persistent area of price control.