Word: bankes
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Goldman's riches have deflected the spotlight from what should be great story fodder: Blankfein's personal journey from one of New York City's poorest neighborhoods to its most élite investment bank - and his astounding rise within Goldman. Instead, he has to explain Goldman's performance - and connections - in the face of the nation's epic financial calamity. (See pictures of TIME's Wall Street covers...
...response to her years in captivity is hardly unusual. Explaining it precisely is impossible, but one of the most common theories is the so-called Stockholm syndrome, the phenomenon in which victims display compassion for and even loyalty to their captors. It was first widely recognized after the Swedish bank robbery that gave it its name. For six days in August 1973, thieves Jan-Erik Olsson and Clark Olofsson held four Stockholm bank employees hostage at gunpoint in a vault. When the victims were released, their reaction shocked the world: they hugged and kissed their captors, declaring their loyalty even...
...their ordeal has been emulated over and over again in a series of high-profile cases. When heiress Patty Hearst was abducted by the Symbionese Liberation Army in 1974, for example, she famously became their accomplice, adopting an assumed name and abetting the radical political group in a bank robbery...
Because anyone could purchase unlimited amounts of gasoline for about 30 cents a gallon, the benefits of the gasoline subsidy, as well as subsidies for cooking gas and electricity, were overwhelmingly going to wealthier Iranians, simply because they spent more on consumption. In 2005, the World Bank estimated that 94% of Iran's energy subsidies in urban areas were benefiting the nonpoor. In other words, those who least needed their consumption subsidized were getting most of the benefits. In the run-up to the 2005 presidential elections, all the candidates across the political spectrum, including the subsequent winner Mahmoud Ahmadinejad...
...into power, Ehud Olmert, then the mayor of Jerusalem and Sharon's right-hand man, explained why the government of Israeli Prime Minister Ehud Barak had been brought down. Olmert pointed out that at the Camp David peace talks Barak had offered the Palestinians almost all of the West Bank and half of Jerusalem. Olmert declared, "This shows that anyone who dares to raise his hand against Jerusalem will be wiped...