Word: augustness
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...mortgages, an RBS-led consortium was closing in on its eventual $100 billion buy-out of Dutch rival ABN Amro, the banking industry's biggest ever takeover. One year on, and Britain's second-largest lender is still making news - though these days it's much less welcome. On August 8, RBS announced it had tumbled to a $1.33 billion loss in the first half of this year - a massive drop from the $9.6 billion profit it recorded in the first six months of 2007, and the bank's first ever loss as a publicly traded company. Behind the change...
...passed its first test, and with an easy game against Angola on Tuesday, will almost certainly cruise to the quarterfinals on August 20. For weeks, the U.S. focused on just getting past China, and the effort paid off. "We sent a real message," says U.S. forward Carmelo Anthony. "We're coming to regain our top spot...
When the Beijing Olympics began on August 8, 2008 at 8:00 p.m - 8 being an auspicious number in Chinese - with a brilliant orgy of 35,000 fireworks and the thunderous percussion of 2,000 ancient drums, there was no question that the East now mattered. Asia has hosted the Summer Games twice before - Tokyo '64 and Seoul '88 - but this Olympics represents the aspirations of one-fifth of humanity. For 60 minutes, more than 15,000 Chinese performers marched and twirled and beamed with such flawless precision that it was as if the previous five millennia of Chinese history...
...Zhao is one unhappy Beijinger. His father needs surgery, but the doctor tells him that all operations have been postponed until after the Olympics. Unable to drive because 90% of vehicles have been banned from the roads, Zhao bicycles slowly home through the August heat; guards at every intersection force him to dismount for security inspections. When he finally does get home, his favorite dish of kidney and beans tastes awful. Because of endless delays caused by inspections of goods transported into the capital, only low-quality food is available at the markets, his wife tells...
...anticipated Olympics-related tourism boom looks to be more of a damp squib, probably due in part to unusually strict enforcement of visa regulations. Some 500,000 tourists will visit Beijing this month, according to official estimates - that's about the same number that checked out the capital in August last year. One Chinese netizen named Ran Zaifei had this to say about the security restrictions: "Originally the Olympic Games were just that: games. But this game has become so heavily guarded that it's really gone over the top," Ran wrote on his blog. "Government officials should...