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...last June it opened a second branch in Omaha, Neb. Other cities in its sights include San Francisco, Boston and Charlotte, N.C. - anywhere local businesspeople raise seed capital and a bank will host low-cost savings accounts for borrowers with just a few dollars, since savings are a key part of the Grameen philosophy. "There are whole populations that aren't being reached by the banking sector," says Bob Annibale, director of microfinance at Citibank, which partners with Grameen in New York. Like other financial giants, Citi sees a lucrative new market in the unbanked. But attracting those customers...
...McCarty is alleged to have schemed with her husband to direct bond underwriting contracts from governments to his offices at investment banks Raymond James and Bear Stearns. The couple also allegedly received at least $10,000 in hotel discounts at the Sunset Key Guest Cottages in Key West from owner Ocean Properties Ltd., which was chosen by the county commission (and Mary McCarty) to build a downtown West Palm Beach hotel next to its convention center. McCarty faces a maximum sentence of five years in prison, while her husband could get as much as three years...
What's New in Hollywood. Hyatt's new boutique brand Andaz opens its first U.S. outpost in Hollywood. The hotel strives for a low-key, friendly atmosphere and features an open kitchen for people to gather in, a comfortable lounge and no front desk - instead, guests are greeted by a "host" who checks them in via wireless PDA, ushers them to their room and helps with everything from local directions to restaurant recommendations. The hotel also has a rooftop pool, and the RH restaurant, which focuses on fresh local ingredients. You'll be tracing the steps of rock stars here...
...Perhaps more threatening than the rockets themselves was the doubt they cast over Israel's vaunted power of deterrence, which is key to keeping its hostile neighbors at bay. That power was badly eroded in 2006, when Hizballah was able to withstand the Israeli onslaught, force a cease-fire and claim victory in the process. That surely emboldened Hamas, which intermittently sent rockets into southern Israel and finally prompted Israel to respond in force. As respected Israeli columnist Nahum Barnea wrote in the Hebrew daily Yedioth Ahronoth, "A country that is afraid to deal with Hamas won't be able...
...Egypt remains on the table, but for now Hamas has said no to it. The Islamists doubt that Egypt can be an honest peace broker, as it is allied with Israel and the U.S. and is politically antagonistic to the Islamist movement. Hamas says it is refusing Israel's key demand for an international force to be deployed on the Gaza-Egypt border to prevent arms smuggling. "It will be doing the job of protecting Israel, not the Palestinians," said the Hamas official...