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...loans when Royal Bank of Scotland (RBS), Britain's largest taxpayer-funded lender, unveils first-half results later this week. After falling to a $40 billion loss last year, the largest in U.K. corporate history, RBS - more than two-thirds of it in government hands - should at least break even this time around, Maughan reckons. At the very least, it will be another report of improvement...
...time prime borrowers will account for the bulk. As of the end of March, the bank estimated that 16% of prime borrowers with conforming loans were underwater. By the end of March 2011, some 41% are projected to be. And about half of those are expected to owe at least 25% more than their house's value...
...savanna and that it would always be unbearably hot. I thought that I would see poverty at every turn, and that nobody would speak English. I thought I would stick out like a sore thumb because of the color of my skin—and on that count, at least, I was right...
...conference to take down Abbas' national-security adviser, the Bush Administration's favorite strongman, Mohammed Dahlan. The conference will hear proposals for an investigation into the events that saw Hamas eject Fatah forces and take control of Gaza by force in 2007 - with many blaming Dahlan for having at least partly provoked the takeover. Demanding an inquiry and targeting one of his key allies is seen as another means of weakening Abbas' authority. A second target will be Prime Minister Salam Fayyad, a political independent appointed by Abbas at Washington's behest, although against strong opposition from both Hamas...
...Israel and the Palestinians is possible without the consent of Hamas, which is why Western and Arab governments have set much store by Egypt's efforts to mediate a reconciliation between Fatah and Hamas. The dynamics around the conference, however, are likely to render that prospect more remote, at least in the short term...