Word: bankes
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Dates: during 2000-2009
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...Many argue that the nuclear deal is necessary in order to provide India with a carbon-free way to feed its enormous and growing demand for energy. But this does not excuse the fact that in adopting the treaty, the United States has effectively given away the bank. Indeed, numerous non-proliferation experts have criticized the deal both because it lacks safeguards, and because its very adoption undermines the international anti-proliferation framework by giving India an unprecedented exemption...
Dozens of protestors from local environmental and political activist groups lined up in front of the Bank of America in Harvard Square yesterday to protest the company’s purportedly risky investment practices that threaten financial and environmental stability. The public rally, during which participants chanted slogans such as “Money for jobs and education, not for wars and corporations,” attracted a gathering of students, musicians and other impassioned demonstrators. The protest—spearheaded by Rising Tide Boston, a local climate activism group, and Rainforest Action Network, a national organization?...
...revenue, including parents willing to pay tuition through the nose amid all kinds of money trouble, have often kept these institutions insulated from economic downturns. But in a financial crisis of this magnitude, even the ivory towers are getting hit - and in more ways than one. Not only have Bank of America, Citigroup and some two dozen other lenders cut back on or stopped issuing student loans, but the market meltdown has left many colleges scrambling to come up enough cash to cover payroll and other near-term necessities...
...That response did come. The Federal Reserve said it would lower interest rates by 50 basis points along with five other central banks: the European Central Bank, the Bank of England and the Swiss, Canadian and Swedish banks. But the announcement arrived after Asian markets had closed, too late to put the brakes on a near free fall in Asian stocks that began on Monday. In Japan, the world's second-largest economy, the benchmark Nikkei index plummeted 9.4%, its biggest one-day drop since the global stock market crash of October 1987. Hong Kong's benchmark Hang Seng index...
Stocks continued to slide despite a spate of actions yesterday by Asian governments to stem financial volatility, boost economies and prop up markets. The People's Bank of China cut interest rates for the second time in three weeks, while reducing the reserve requirement ratio for most banks. The Hong Kong Monetary Authority, Hong Kong's de facto central bank, also reduced the interest rate at which it lends to banks by a full percentage point in an attempt to ease credit markets. In India, policymakers promised to continue to act to keep the financial sector functioning. "If need...