Word: banke
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...financial piers supporting lifetimes of accumulated wealth have simply vanished. This week, people everywhere are preparing to celebrate the New Year, while Madoff's victims are looking over their bank statements and credit card bills, asking themselves one question: How long can we hang on? (See the 10 worst business deals...
...calls daily from those who have lost their financial lifeline due to this mess. This wasn't a slow-fade-to-ruin crime, but a flip-the-switch-to-poverty crime, and many are now in an adrenal-driven shock stage of having no money - at all - in the bank. The ruin is especially tragic among retirees hit by this pre-holiday bomb...
...flew down to Florida last week to help his parents sort out their new reality. "My mother is the practical one, she says, 'If we have to live this way now, we will. Those who will make it through this are those that don't identify themselves with their bank accounts, they will transcend this. Those whose egos and self are wrapped up in their assets will be lost...
...presidency is an insignificant event. He regularly criticizes major E.U. policies, has refused to sign the Lisbon Treaty and dismisses E.U. climate-change legislation as a "silly luxury" that will exacerbate the international financial crisis. A 67-year-old economist who helped build the Czechs' postcommunist democracy, Klaus likens bank bailouts to "old socialism...
...strike knowing that Hamas would respond with a fusillade of rockets, possibly using some of the longer-range weapons smuggled into Gaza over the past year to strike Israeli towns such as Ashdod and Ashkelon. Hamas may even activate suicide-bomber cells in East Jerusalem or the West Bank. Israel had prepared for the first possibility by deploying additional air-raid protection in towns as far as 25 miles (40 km) from the Gaza border. And it will probably follow up the air strikes with ground attacks aimed at neutralizing as much as it can of Hamas' military capability...