Word: bail
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...northern English city of Newcastle where the lender is based, agreed in an informal vote that Branson?s offer undervalued the company. Shareholders still have the power to block a sale because the bank has not officially been declared insolvent, despite its reliance on an approximate $47 billion bail out made by the Bank of England in September, when Northern Rock revealed its financial difficulties. "The directors need to be aware that they are not going to get the votes unless they are going to need unless they bring forward a fair deal," Ashby says." Shareholders will not simply roll...
...Shareholder dissatisfaction now sets up a showdown with Britain's Treasury, the Bank of England, and the Financial Services Authority (which support the deal in large part because it promises an immediate repayment of $22.7 billion of the $47 billion bail-out). Should shareholders block the takeover, and no other suitable bidders are found, the British government could decide to nationalize the bank or force it into bankruptcy, stripping shareholders of their investment. Either resolution would further embarrass a government still reeling from criticism of its handling of the early stages of the crisis. In September, nervous pensioners withdrew...
Where it counts--which is more in production than interpretation--Australia has a vigorous cultural life, sometimes enthrallingly so. The list of first-rank Australian novelists, headed up by Murray Bail, Peter Carey and David Malouf--writers of exceptional power and social insight--is a considerable one. London has a brilliant biographer and diagnostician of past culture in Peter Conrad, an erudite and dark-minded expatriate from Tasmania...
...prime-rate enforcer. He enrages the people whose holiday he's ruining and exasperates his meter-maid inamorata with big ideas never fulfilled, dinner dates blown off. Plying a Salvation Army scam, Fred lands in jail and is forced to call his brother Nick, a.k.a. Santa, to go his bail. That brings him to the North Pole, the prodigal son carrying a grudge as big as Santa's sack of gifts...
...also decided to become an entrepreneur of sorts. There’s mention of a half-baked plan to start a franchise of Off-Track Betting, but somewhere along the way, Vaughn runs into trouble with the law and has to call Santa to loan him bail money. So yes, the idea of “Fred Claus” is different. But it’s far from novel, a fact highlighted by a story structure and cinematic style not unlike many other Santa flicks. Director David Dobkin introduces us to the North Pole in a way that we?...