Word: banke
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Faced with troubling signs of a stalling recovery, investors sent the U.S. stock market down sharply on June 15. At the day's close, the Standard & Poor's 500 Index was off 2.4%, with the steepest drops suffered by major banks and commodity producers. Bank of America, the most actively traded stock during the day, saw its price shed nearly 2.8%. The Dow fell 2.1% to close...
...market mood on June 15 was further darkened by newly released data from the Federal Reserve Bank of New York. The bank's Empire State Manufacturing Survey showed a sharp decline for May, reflecting further weakness in new orders. That news came on the heels of grim tidings from the head of the International Monetary Fund, which noted on June 15 that the worst phase of the global recession may be yet to come...
...York City-area homeowners are in just that spot. After the region suffered the brunt of financial-industry cutbacks, the next big wave of woe could be a nor'easter of collapsing home prices. That's the forecast of an extensive new report on residential real estate by Deutsche Bank, which calls for home prices in metropolitan New York City (which includes Westchester, northern New Jersey and other nearby areas) to fall 40.6% from the prices that prevailed in March...
...West Bank settlers identified by the U.S. President as an obstacle to Middle East peace were expecting Bibi Netanyahu to support their cherished dream of an Israel stretching from the Jordan to the Mediterranean Sea, they were disappointed on Sunday night. The right-wing leader instead took a sharp and unexpected lurch to the center and said he would support a two-state solution, meaning something called Palestine is a step closer to being inked onto their 3,000-year-old biblical...
...surreptitiously supported building through a network of agencies, so building approval increased at a rate of 40% between 2007 and 2008 alone, according to Yesh Din, an Israeli organization suing to stop outpost settlements. So much building has happened since the mid-1990s that the West Bank resembles a Jackson Pollock drip painting of Jewish and Arab lands, connected and disconnected by bypass roads and cement blocks. The old Green Line border, now morphing into a wall, has literally doubled in size to account for myriad new thrusts into, twists around and enclosures of Arab lands. (See a video about...