Word: bankes
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Dates: during 2000-2009
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Former AIG chief executive Maurice (Hank) Greenberg told Congress on Thursday morning that as much as $50 billion in payments that AIG has made in the past few months to banks and other financial firms, including Goldman Sachs and Deutsche Bank, should not have been made. Greenberg believes the banks should be forced to reinvest some of those trading profits in AIG by buying the company's shares...
...lose their jobs. Numbers vary widely from country to country, but in Spain, for example, around one in three workers are in temporary employment. Unemployment there has soared to more than 14%, up from 9% in the beginning of last year. Migrant workers are also especially vulnerable. The World Bank estimates that, after years of heady growth, remittances sent by international migrants back to their home countries in the developing world will drop this year by between...
...always, the mood today was mercurial. Organizers of the gathering, a movement calling itself G-20 Meltdown, had promised a "peaceful and fun street party." For much of the protest, that's what they got. While anarchists, many dressed from head to toe in black, threw paint at the bank and beer cans and insults at police, most kept their protests peaceful. By late afternoon, with police still skirmishing with some, two dozen demonstrators had been arrested and a handful of officers injured. (See pictures of the protests in London...
...warm sunshine - so often the backdrop to bloody protests in London, from the anti-Catholic Gordon riots of the 18th century to the Notting Hill race riots in the 1950s - marchers set off for the bank from four of the capital's underground stations, each group led by a "horseman of the apocalypse." At London Bridge, protesters walked to the blast of a trombone with a medley of motives. "Can we overthrow the government?" bellowed Chris Knight, one of the event's organizers. "Yes we can!" Beside an effigy of Fred Goodwin, the former boss of the Royal Bank...
...Spotting a banker for her to get behind wasn't easy. Employers had suggested that financial workers dress down for the day, fearful a baying mob could set about them. That was never likely. While some outside the Bank of England jeered at the staff standing behind its leaded windows, others waved. Those workers who did brave the streets went unmolested. Riccardo Dilorenzo, an immaculately suited property developer stepping out from a nearby office, even dared to label the protesters "hypocrites" since "half of them don't work." (Even he, though, might have admired the opportunism of others; street hawkers...