Word: june
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...late June 2007, on the day Gordon Brown took over as Britain's Prime Minister, Northern Rock was enjoying the summer. In a good first half of the year, it had lent a lucrative fifth of the U.K.'s new mortgages. Its stock traded around a healthy $17 mark. That glorious summer is over now. The harsh winter has put a very different shine on things...
Guessing the fate of Northern Rock is no less popular right now than guessing that of Chancellor of the Exchequer Alistair Darling. When Brown picked him as his successor as finance minister last June, Darling's closeness to Brown was his strength. Dependable, gaffe-free (and, like the Prime Minister, a Scot), Darling was a safe bet at the Treasury. Much less so now. Recent controversies over changes to Britain's capital gains tax, and plans to tax non-domiciled foreigners living in the U.K., have heaped criticism on Darling. And the strung-out - and fruitless - search for a buyer...
...forcing up the value of the pound and making British goods harder to sell on world markets. The strategy cooled inflation by cheapening imports and killing off demand generally, although it also threw a record number of British companies into bankruptcy and millions of workers out of jobs. Since June 1979, when the downturn began, industrial production has slumped 11.6% (vs. an average fall of only 4% for other industrial powers). There are some encouraging signs. Bank lending rates are now in the 10% range, down from 17% in 1980, and mortgages have fallen from 15% to a more affordable...
Narayanamurti announced his intention to return to the faculty in June 2005, but later decided to remain to help lead the changeover...
Perrotti—who dubbed the Yale police a “secret society”—filed a freedom of information request in June asking for the information...