Word: augustness
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...that they had bought a lot of paper tied to the subprime debt market. And in Hong Kong, Goldman Sachs issued a warning recently that some of the biggest mainland Chinese banks that trade on the Hong Kong exchange - including the Bank of China - were also exposed. In early August a spokesman for the BOC had said its first-half losses tied to subprime investments were "minimal." But in the wake of the nasty BNP Paribas surprise half a world away, investors everywhere were understandably - and increasingly - skeptical. Did top management at any financial institution anywhere really know the extent...
...Rove is leaving Bush and the White House, effective August 31. "Bush's Brain", as Rove was sometimes called (usually by opponents who assumed Bush didn't have one of his own), is heading back to Texas. He was not, according to sources close to Rove and the President, forced out. Like Dan Bartlett, the White House counsel who resigned last month, Rove was one of the handful of people in Bush's inner circle who had carte blanche to decide when, and if, they would leave - although White House chief of staff Josh Bolten had asked everyone on senior...
When a new outbreak of Foot-and-Mouth disease (FMD) was confirmed on a cattle farm in Surrey, southern England, in early August, Britain braced for the worst. In 2001, the last time the U.K. was hit by this highly contagious illness affecting cloven-hoofed animals, it led to the slaughter and incineration of over 6.5 million animals and cost the country $17 billion. This time, the containment zones that were set up around the affected area right after the first case was reported (a move that took days last time) and a ban on the movement of livestock across...
After almost 50 years of running her café on Arrow Street, Josefina Yanguas died of cancer on August 1 at the age of 90. Pamplona brought a slice of authentic European café culture to Harvard Square, and for decades it has served as a haven for intellectuals who came for fine coffee and fine conversation...
...more troublesome Paris suburbs–crashes the scene). The impact is already visible across the city. Paris, once dead during the summer, is coming to life for those who are “stuck” there in the sometimes hot and usually rainy months of July and August...