Word: bankes
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...waited to give his semiannual Humphrey-Hawkins testimony before the House Financial Services Committee on the morning of July 21, Alabama Republican Spencer Bachus thanked him for his "willingness to make yourself available on countless numbers of occasions." Since February, the Fed chairman has been called to testify about Bank of America's takeover of Merrill Lynch, the government's bailout of AIG, the federal budget deficit, the Fed's various new lending programs and the economic outlook. He has also taken to penning occasional Op-Ed pieces - today he has one in the Wall Street Journal explaining...
...There are signs, though, that Beijing may be slowly changing its policy toward the yuan in ways that could, over time, lead to its greater use on a global scale. Most notably, China and Hong Kong launched a pilot program this month through which Hong Kong banks can begin settling cross-border trade transactions in yuan for selected Chinese companies. This step will likely increase the use of yuan in Hong Kong, one of the world's premier financial centers. (The program also solidifies Hong Kong's role as China's chief financial hub.) This step follows a series...
...demonstrate good faith by freezing all settlement construction outside its 1967 borders and that Arab states reciprocate by allowing Israeli commercial planes to use their airspace and by easing up on visa restrictions. Results have been less than encouraging on both counts. (See pictures of life in the West Bank settlements...
...both sides of the divide have lost faith in the concept, but while Israelis are largely content to live with the status quo, Palestinians are not - and they are losing faith in the path of negotiations. The expansion of the Israeli presence in East Jerusalem and the West Bank in recent years has eroded faith in the prospects for a territorially viable Palestinian state; the idea of resolving the conflict on the basis of creating two states - a concept that entered the political mainstream almost two decades ago - may have reached its expiration date...
Watch TIME's video "Protesting Gaza, Carefully, in the West Bank...