Word: britishers
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...character Fenfang. She churned out novels to support herself while in film school. In 2002, she left Beijing for London, where she continued her film studies and began writing A Concise Chinese-English Dictionary for Lovers, a humorous novel about her struggles with the English language and a British paramour. An expired visa forced her to return to Beijing, where she put the novel on hold and made Concrete Revolution, a documentary about how the capital's ruthless physical transformation has affected residents and the rural laborers building...
...spoke, the future for British banking was looking grim. Behemoths such as HBOS and the Royal Bank of Scotland group had seen their shares fall by 39% and 42% respectively on Tuesday, continuing a trend set at the beginning of the week as the FTSE 100 racked up its biggest fall in 21 years. Last month the government was forced to nationalize the mortgage lender Bradford & Bingley, and earlier this year it took over another debt-ridden bank, Northern Rock, guaranteeing the deposits of retail customers. Britain's protection scheme for private-sector banks guarantees deposits only...
...number of Britons began moving their money to these apparently safer havens, but that's not what triggered the precipitous slide in bank shares on Oct. 6. Ironically, it was leaking news of the British government's still unfinished rescue plan that caused mayhem in the markets. The government is offering to help banks raise up to $88 billion of new capital, either by buying preference shares in the institutions or encouraging commercial sources to invest. Together with an extension of the Bank of England's special liquidity scheme, which will now make $350 billion available to banks in short...
...surprised. "Three years ago the prices started going higher and higher," says Zhao. "Last year the price was pushed way too high, and it's got to come down." In 2006, a collection of dreamlike portraits and landscapes by Zhang brought in just over $24 million - more than British art phenom Damien Hirst made in all of 2006. At Sotheby's Oct. 4 auction, the highest selling painting was Zhang Xiaogang's "Bloodline: Big Family No. 1," which sold for just under $3 million. In May, at rival auction house Christie's, a diptych of eight masked youths by Zeng...
...Maybe so; Brown cuts a convincing figure abroad. But he finds it harder back home to win over doubters to a plan that could cost British taxpayers dearly, though he promises they may eventually earn dividends from the investments backed with their own money. Yet the crisis has had a bracing effect. A recent mutiny against his leadership in Labour ranks evaporated after a bold Cabinet reshuffle, and rebels shrank back from a coup attempt at such a tense time. "Who would have dreamed that a financial crisis would have given Labour a lifeline?" former Home Secretary David Blunkett wondered...