Word: banking
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Beleaguered financial institutions looking to shore up their funding are battling for your deposit dollars, driving interest rates on bank products abnormally high. At first glance, that's fantastic news for consumers who are finding CDs that yield 4% and money-market accounts that pay 3%. But the competition for money - which will surely intensify as new bank holding companies like Morgan Stanley, Goldman Sachs and American Express amp up efforts to attract deposits - is also squeezing banks' profit margins, further straining an already weak industry and stressing smaller banks, many of which didn't go hog wild making risky...
...first threat. The eviction went off relatively smoothly, although eight people were slightly injured, one of them a police officer who had acid thrown in his face by a settler militant. But the extremists delivered on their promise to vent their rage on Palestinian innocents. (See images of West Bank settlers battling eviction...
...Prime Minister Benjamin Netanyahu holding a solid lead over acting Prime Minister Tzipi Livni, with Defense Minister Ehud Barak - who ordered the Hebron raid on the same day his Labor Party held its primary election - running a very distant third. But their impact on other players in the West Bank may be profound: the actions of the Hilltop Youth were condemned and strongly discouraged by the long-established settler leadership of the Yesha Council, who recognized that young settlers being seen to use violence against the Israeli state and randomly attacking Palestinian civilians could turn Israeli public opinion strongly against...
...determined, in no small part, by how events in Hebron unfold in the coming hours and days. The question may become somewhat moot if the current indicators on the likely outcome of February's election hold true, because Netanyahu has an ideological aversion to ceding territory in the West Bank and has made no secret of his disdain for the U.S.-sponsored peace talks between the current government...
...days, Paulson had to listen to lectures from a series of Chinese officials about all the additional steps the U.S. must take to solve its economic mess. The U.S. had to stop consuming and start saving, because "global imbalances" were at the root of the financial crisis, People's Bank of China Governor Zhou Xiaochuan told Paulson. And, added Vice Premier Wang Qishan, Washington needed to "take all necessary measures to stabilize its economy and the financial market to ensure the security of China's assets and investments...