Word: fire
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With the cease-fire between Israel and Hamas militants on the verge of collapse, the most dangerous job in Gaza - digging tunnels into Egypt - just got a lot more dangerous. Destroying the tunnels that allowed the import of both vital food and fuel supplies denied Gazans by the Israeli blockade - but that also enabled the ferrying of weapons to Hamas - was a key objective of Israel's 22-day military operation, and its aircraft and artillery pounded the sandy patch of land along the Egyptian border in the hope of collapsing them. But as soon as the truce was declared...
...Negotiations in Cairo over terms for extending the current truce have reached an impasse: Israel is offering an 18-month cease-fire that would involve only a partial opening of the sealed border crossings into Gaza from Egypt and Israel, while Hamas is demanding a complete reopening of the crossings as part of a one-year truce. And that stalemate could bring more trouble for the tunnelers. Egyptian authorities evacuated the Rafah border crossing on Sunday, acting on reports of a possible Israeli air strike on tunnelers. And as Israeli planes streaked across the sky, the diggers scrambled away from...
...these laws are under fire, cited by critics - mostly but not exclusively on the political left - as major precipitating causes of the financial meltdown. And while both were signed into law by Bill Clinton, Gramm has taken the most heat. (It hasn't helped that, since leaving the Senate in 2002, he's been working for Swiss banking giant UBS, which has sustained huge losses on bad mortgage securities and derivatives...
Companies, even really big ones with hundreds of thousands of employees, can only fire so many people. At some point the core functions like accounting and marketing need enough personnel to keep operations running. The layoff machine runs out of fuel...
...background: there are 12 Chinese zodiac animals, each of which is subdivided by five elements signaling different qualities - wood, earth, water, fire and metal. This year's ox is an earth ox. That may sound innocuous enough, but according to one astrological interpretation, financial markets are in dire need of a spark from the fire element to set stocks blazing. For other fortune tellers, the worry is absence of metal, an element with which they make a simple astrological connection to money. A metal year, they say, brings plenty of gold. An earth year buries all that lucre under piles...