Word: bankes
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Dates: during 2000-2009
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...first time in more than two decades of unparalleled growth, the city that seemed impervious has taken a direct hit to its self-esteem. Certainly, losing a bank name that's been part of the North Carolina fabric since 1879 is a blow to Charlotte's psyche. But most see as bank's acquisition by Wells Fargo as the best case scenario for Wachovia. "We're disappointed that Wachovia won't remain independent but I believe the strength and stability of having Wells Fargo as a partner will be better in the long run," says Michael Smith of Charlotte Center...
...nation - even if the building's 1.3 million square feet went empty, the city would still be comfortably ahead of the national rate of 13.6%. Figures from the local chamber of commerce hold that even without Wachovia's contribution, Charlotte will remain the nation's second largest banking center behind New York; $3.3 trillion in assets alone come from the combined Bank of America and its recent acquisition of Merrill Lynch...
...everywhere. "Few among Beijing policymakers are arguing to build more walls between China and the outside world when it comes to trade or financial markets," says one western diplomat who attended the ASEM meeting last week. Officials in Beijing are quick to point out that key policymakers at the Bank of China, the National Development and Reform Commission and the Ministry of Finance are all reform minded. Many hold advanced degrees in economics or business from the U.S. (though "these days they don't advertise that as much as they used to," one young Ministry of Finance source jokes.) They...
When Palestinian security forces moved into the lawless West Bank towns of Jenin and Nablus, all they had to worry about were the armed criminal gangs who had been shaking down shopkeepers and stealing cars - it didn't take long to wrest control from the thugs. But Hebron, where 600 Palestinian forces rolled up over the weekend in shiny new white pick-up trucks, is far more dangerous, because it is a stronghold of Hamas and also the base of an extremist Jewish settler community. The Islamists see the new paramilitary unit as a U.S.- and Israeli-built proxy force...
...behind the new Palestinian security force - whose months of training by Jordanian police was supported and funded by the U.S. State Department, with a U.S. security coordinator, General Keith Dayton, acting as adviser to the Palestinians - is to persuade skeptical Israelis that Palestinians can ensure security inside the West Bank, a first step in building trust that would allow Israel to turn over control to the Palestinian Authority as part of any peace agreement. So far, the plan has succeeded: The streets are safer for ordinary Palestinians, and Israelis have more confidence in their Palestinian security counterparts...