Word: banke
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Dates: during 2000-2009
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...coffers in the U.S., was a lifeline few Germans had expected. In the past, Chancellor Angela Merkel's conservative CDU party has steered clear of state intervention in the economy. But as the global downturn took its toll on German firms and the financial crisis brought a few major banks to its knees, Merkel has embarked on a big U-turn. First, there was the bail-out of the property lender Hypo Real Estate, then the part-nationalization of Germany's second biggest bank, Commerzbank. And don't forget the two fiscal stimulus packages (amounting to $116 billion...
...Israel started building the barrier--part concrete, part chain-link fence--to prevent suicide bombers crossing over from the West Bank. When it is finished, it will be more than 400 miles long, zigzagging deep into Palestinian territory. But for graffiti artists, all that bare concrete is too great a temptation to resist. Just as Yosemite's El Capitan beckons the bravest of rock climbers, Israel's wall has become the ultimate challenge for members of the global street-art subculture. Banksy, the British guerrilla artist, has already sprayed the wall with a few of his ironic creations (my favorite...
...notwithstanding the amounts that will disappear into bank accounts in Hong Kong, casinos in Macau and the gaudy houses that stud the outskirts of every Chinese city, China stands to gain more than it loses through its building campaign. The scale of its needs remains immense: the country's leaders are, after all, attempting to move more people out of dire poverty and into something like comfort in a shorter time than has ever been seen before in human history...
...This week, the Spanish bank Banco Santandar agreed to hand over $235 million; it had been liable to pay up to $275 million, the total amount its Optimal funds subsidiary had withdrawn in the 90 days leading up to the December 11, 2008, collapse of Madoff's decades-long crime. Santander, the most exposed of the European banks involved with Madoff, with $3 billion lost, is still facing a class-action lawsuit...
...Kedge Martin, the CEO of Sentebale, says the recession presents challenges for all charities, and denies that Sentebale has been hit especially hard. "We're a strong and robust organization," she says. "The focus for that bank year had been to expand our work on the ground and to reach out to even more children and families. There wasn't a focus on fund raising...