Word: bankes
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Dates: during 2000-2009
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...that the E.U.'s rules stipulating that budget deficits shouldn't exceed 3% of GDP and that debt shouldn't go over 60% are about to be consigned to the trash heap - at least temporarily. "Fiscal rules are going to have to be abandoned," says Buckley of Deutsche Bank. The E.U. commission, which is the keeper of those rules, has already given its green light. "The existence of exceptional circumstances allows a deficit temporarily above but close to 3% of GDP not to be considered as excessive," it said after the announcement of the coordinated bank bailout. The crucial word...
...Employing 650 people directly and providing a livelihood to hundreds more - from local farmers to shopkeepers - the Zalabaromfi meat-processing plant has long been one of Zalaegerszeg's most important businesses. But the credit crisis has complicated a long-running dispute between Zalabaromfi and Hungary's second largest commercial bank, CIB, over a credit line the plant says it needs in order to keep running. Factory operations have been on hold since early September, and with credit tightening, its workers now face losing their jobs for good...
...Citigroup lost its bid to merge with faltering bank Wachovia to Wells Fargo last week. The company will be one of the nine major banks to receive an injection of federal funds as part of the Bush administration’s $250-billion plan to rescue frozen credit markets...
Dershowitz said that both sides of the Israeli-Palestinian conflict must compromise. Israel should end civilian settlements on the West Bank, while Palestinians must stop terrorism, Dershowitz said...
...term called ‘social enterprise,’” Silbert said. “It was called the nonprofit sector. I was considered on the fringe and not a part of mainstream business.”John C. Whitehead, a former co-chairman of investment bank Goldman Sachs, cited the public school system as an area in which nonprofit work could make a difference, saying the government has failed “miserably.”Whitehead called on the panel’s audience members to participate in social enterprise regardless of their economic status...