Word: bankes
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Dates: during 2000-2009
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...they did it a second time on Nov. 3 - and, oops, Australia may raise interest rates again in December this year or in February next year. "A further gradual lessening of monetary stimulus is likely to be required over time if the economy evolves broadly as expected," the Reserve Bank of Australia said last week. It expects GDP to expand 1.75% this year, more than three times its forecast in August...
...Australia's central bank, inflation and asset bubbles in an environment of easy money evidently now trump worries of a second-dip recession. Its October and November decisions, which raised interest rates from 3% to 3.5%, are meant to keep inflation between 2% to 3% in 2010. The country's consumer price index as of September actually rose just 1.3%, but the fear is that the resurgent economy and government's $38 billion in cash handouts and infrastructure spending will push inflation above...
...Other central banks are making similar calculations, although they are not moving as aggressively - yet. The Bank of Japan will terminate its purchases of corporate debt this December. The Bank of England is cutting back on a program to buy government bonds and commercial paper with newly created money. The European Central Bank is mulling an end to its 12-month loans to banks next year. "Not all our liquidity measures will be needed to the same extent as in the past," says ECB president Jean-Claude Trichet...
...Department, estimates that of the 38 indie-film financing firms - the so-called front end - that existed in 2007, only 11 remain. And they are mostly sitting on their hands. While Wall Street investment in independent movies totaled more than $2 billion from 2005 to 2007, according to Deutsche Bank, it has plummeted to practically nothing since then. (See TIME's audio slide show "85 Years of Warner Bros. Movies...
...film turned out to be. The filmmaker could then go to a private investor who, knowing that the movie was already presold to foreign territories, would view it as less risky and invest. With money from both foreign rights and private investors, the filmmaker could then secure a bank loan for the remaining funds. (See the top 10 Cannes film-festival moments...