Word: bankes
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Dates: during 2000-2009
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...demand for gas, despite its low price, stays relatively low. Then layer on the effects of the recession: gas-intensive industrial production is down 12.8% since this time last year, according to Barclays Capital bank estimates. On top of that, there's weather: this has been a cool summer in much of the U.S., so less natural gas has been burned for electricity to power air-conditioning than in recent years. (Read "America's Untapped Energy Resource: Boosting Efficiency...
...accused of forging loan documents in order to borrow $74 million from Citibank, he wired the money back. A nice try, but not one that would stave off his arrest. Authorities arrested Nemazee on Aug. 25, shortly before he left on a European vacation. He was charged with bank fraud, released on a $25 million bond and placed under house arrest in his New York City apartment. Nemazee, who raised money for both Hillary Clinton and Barack Obama in the 2008 election, faces a prison sentence of up to 30 years...
Quotes About: "[The bank accounts] either never existed or had been closed years before Nemazee submitted the documents referencing those accounts." -U.S. attorney Preet Bharara on Aug. 26, describing how authorities believe Nemazee mislead Citibank with false financial documents in order to obtain a multi-million dollar loan...
...some 100 protesters waited outside the Bank of England for final directions to the climate camp, to be disseminated by SMS. "British police are the best in the world at policing," says a man who identified himself as You Can Call Me Jeff (climate campers prefer to withhold their real names). "After all, they've had centuries of repressing social movements. They know how to win the battle of the story, to convince people they're in the right. But at the G-20, they lost it." Kat, another seasoned climate camper, agrees. She recalls watching riot police lash...
...Still, those small, careful steps may be too slow for a situation already favoring extremes. In a survey released on Wednesday by Israel's Maagar Mohot polling company, two-thirds of respondents said they share the hard-right's refusal of any freeze on West Bank settlement - even if Arab nations reward such a move. Meanwhile, the hardship and anger produced in Palestine - and in Gaza particularly - is so great that slow but sure peace progress may not be enough...