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Monday morning is never a quiet time for a Main Street bank. At branches of Northern Rock, a British lender, the lines outside extend even further than usual. But it's not exactly welcome business. Savers flooding the Newcastle-based bank on Monday joined the thousands to have withdrawn their cash from Northern Rock in recent days. So far, customers have emptied the bank of around $4 billion, or 8% of its deposit base...
...rely on the fermentation of sugar for growing and dividing, then take away the sugar and they should stop spreading. Meanwhile, normal body and brain cells should be able to handle the sugar starvation; they can switch to generating energy from fatty molecules called ketone bodies - the body's main source of energy on a fat-rich diet - an ability that some or most fast-growing and invasive cancers seem to lack...
...Benefiting from the backlash against Greece's two main parties, the far-right Popular Orthodox Rally (LAOS) party is expected to break the three percent threshold needed to enter the country's 300-seat parliament. Georgios Karatzaferis founded the LAOS after Karamanlis expelled him from the New Democracy party for his extreme views. A 2005 U.S. State Department report on anti-Semitism cited Karatzaferis as "regularly attributing negative events involving Greece to Jewish plots. He denounced politicians with Jewish origins and claims that Jews were behind the Sept. 11 attacks." The party has attracted droves of voters, however, though many...
...Under a new proportional electoral system, a slim victory with less than 1.5 percentage points between the two main parties can deprive the winner of an outright majority in parliament. On Wednesday, a host of independent pollsters conducting secret tracking polls said the Prime Minister's threat of political uncertainty in addition to his crisis management after the fires had boosted his approval ratings - a claim denied by socialists, who said that both parties were locked in a "dead even" race...
...main reason for the boom's doom was that in the nation's San Diegos, double-digit annual price increases put most homes out of the reach of middle-income buyers. The mortgage industry and its funders on Wall Street responded with laxer lending standards and creative loans (no downpayment, teaser rate, interest only, etc.) that really made sense for borrowers only if prices kept going up and they could sell at a profit or refinance. When prices stopped rising last year, the edifice began to crumble...