Word: bankes
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Dates: during 2000-2009
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...watch CNBC today is to enter an alternative universe, where élites are populists, Wall Street is Main Street and bank executives are the oppressed. It's not surprising that a voice of opposition to the new Administration would emerge. But who would have thought it would be on a channel not owned by Rupert Murdoch...
...oooh, is the Market cranky at Obama! The Market doesn't like raising taxes on the wealthy (even if Buffett does). The Market doesn't like government health-care reform or cap-and-trade environmental policy or big budgets or limiting bonuses at bailed-out banks. And don't get the Market started on bank nationalization. That ticks the Market...
First there was last winter's $168 billion economic stimulus package, followed by a $300 billion fund in June to help distressed mortgage holders. Then came $350 billion for the banks (and a little of that for the car companies), another $350 billion for the banks, $787 billion in economic stimulus and $410 billion in an earmark-packed spending package for fiscal 2009 that Congress passed on Tuesday. Dizzy? A little nauseous? So are the moderate Democrats in Congress who are usually the gatekeepers of the federal piggy bank - the same fiscal conservatives who helped lead the bipartisan coalition...
...premises of the Guilin Winter Swimming Association on the west bank of the Li River might be the epitome of architectural reticence, but there's no doubting the chutzpah of its members. Inspired by their snappy motto - "Winter swimming is a strengthening activity" - they plunge into the waters like so many excited walruses, no matter that the temperature averages 48°F (9°C) between autumn and spring. "What are you waiting for?" asks Mr. Li - clad in voluminous trunks and smile - of a passing pair of inquisitive visitors. "Have a dip. Our oldest member...
...tempting - of all the many attractions in this southwestern Chinese city, the river is its greatest. The view from the bank stretches out over not the mephitic, litter-strewn depths that often characterize China's urban rivers, but water whose clarity is as arresting as its chilliness. (See pictures of Shanghai...