Word: frenchness
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Since taking office last May, French President Nicolas Sarkozy has repeatedly shown that he wants to make France a major mover in international affairs again - and that a key part of that effort is to repair Franco-American relations undermined by the war in Iraq. But to his critics in France and abroad, Sarkozy's reinvigorated Atlanticism looks disturbingly similar to the views of Washington hard-liners, including those hankering for a military strike to take out Iran's nuclear development program. On Sept. 16, French Foreign Minister Bernard Kouchner warned that the international community had to "prepare...
...Northern Rock's rivals Alliance and Leicester and HBoS similarly rely on liquid credit markets, albeit to a degree that's "smaller in magnitude," Collins Stewart's Potter wrote in a research note Friday. But the anxiety's not limited to Britain. Spooked investors dumped shares in Spanish, French and German banks Monday. Northern Rock, in other words, may not be the last financial institution to find itself in a hard place...
...German, French and Dutch institutions have already come unstuck through exposure to the subprime debts. Northern Rock's problem: Its modest savings business compared to its mortgage lending arm means it leans on wholesale credit markets for a larger share of its funding than its rivals. With that well drying up, it "hits them disproportionately," says Alex Potter, an analyst at Collins Stewart in London...
Composed of French and Flemish speakers who share little common culture, Belgium has always been a bit of an odd duck. Its viability as a nation has been regularly questioned since its founding in 1830, but perhaps never as much as in the last three months. Since national elections in June, the country's politicians have proved unable to form a national government, causing more and more Belgians to wonder whether the country can - or should - stay united...
...consumers who want to buy a black sweater or a pair of black pants are inclined to go directly to H&M for the best price. As a result, Hernandez and McCollough feel the pressure to make their clothing even more ornate. This season, for example, they employed the French haute couture supplier Lemarie to embellish their clothing with rows and rows of tiny feathers...