Word: returnable
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...plan, scheduled to run for at least five years, banks will pay a fee to the government for taking out a policy. Lenders will also shoulder a "first loss" amount - similar to the excess on an auto insurance policy - as well as roughly 10% of the remaining losses. In return for picking up the rest, the government will require banks to sign agreements binding them to increased rates of lending. Just how much risk that exposes the U.K. government to is unclear; the level of banks' exposure to the kind of toxic assets the insurance protects against is still blurry...
...biggest states, a financial center and home to the European Central Bank, puts wind in her sails as she campaigns on behalf of her party and for her own re-election in September. Gerd Langguth, a political scientist and Merkel biographer, says the Hesse result means Merkel's return to the Chancellery is assured. The real question is whether Merkel will be able to form a coalition with the FDP or continue the so-called grand coalition with the left-leaning Social Democrats (SPD), he says. "Merkel believes that it would be easier to deal with the financial crisis...
Come Friday morning, we were anxious to find out the extent of the damage. Despite warnings that the area might not yet be safe, we made a unanimous decision to return to our home. Arriving at the entrance, we saw that we were not the only ones who had returned. Many of our neighbors were pulling up in taxis and walking in with their children...
...rescue only nine refugees from the sea. The survivors have been fed and given medical treatment. They are being housed in relief camps, where they were reached by phone calls from the Arakan Project as well as a reporter from the BBC. The Thai government has yet to return TIME's calls on the matter of the treatment of these refugees, but the country's Foreign Ministry released a statement on Jan. 16 saying that officials were investigating the "facts and surrounding circumstances" of the incident...
...rescued Rohingya in India and Indonesia are likely to be "repatriated" to Bangladesh - a return to Burma would spell arrest and far worse. The Rohingya's lot in Burma is dire, says Sean Garcia, a consultant for the Washington-based Refugees International. "They are not allowed to survive," he says. Denied state documents, the Rohingya have to apply for permission to move from village to village, to repair a mosque, even to get married. Rohingya frequently fall victim to forced-labor drives by the military. The Burmese government, say Rohingya rights-groups, sees them as interlopers in the predominantly Buddhist...