Word: bankes
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...rhetoric won't necessarily go down well with the White House. Iran's intentions worry the U.S. too, of course, but Obama and his advisers are expected to move briskly to an equally pressing matter: Netanyahu's refusal to back the idea of a Palestinian state in the West Bank and Gaza. The two-state solution to the Israeli-Palestinian conflict is the keystone of U.S. policy in the Middle East, and Obama and Secretary of State Hillary Clinton are demanding that Netanyahu sign on. Netanyahu has hinted that he does not oppose the creation of a Palestinian state...
...support from the Obama Administration and Congress, "it's no longer infinite," says an official at a pro-Israeli lobby in Washington. Obama is not George W. Bush, who backed Israel's wars in Lebanon and Gaza and rarely complained about the expansion of Jewish settlements in the West Bank. And the Obama Administration numbers plenty of ex-Clintonites who dislike Netanyahu from the last time around...
...predicted in January. According to a new European Commission forecast, the "E.U. is not spared" from the "deepest and most widespread recession in the postwar era." European economies will continue to contract, with unemployment expected to reach nearly 11% by 2010. The report says that despite government bailouts and bank-stabilization plans, the E.U.'s economic situation is "exceptionally uncertain...
...have lasted more than a year, and nearly all wound up with a boomlet. Consumers stocked up. Companies upgraded their computers. We piled into real estate. And predicting a V may be the right call again. With the government spending billions on economic stimulus--trillions, if you include the bank fix--a quick pullout is entirely possible. In that case, buying retailers, technology companies and financial firms makes sense...
...stick to cutbacks on discretionary spending, it's important to do it in a way that puts you in the right frame of mind. For every dollar you cut out, you could put 50¢ in the bank and 50¢ toward buying something fun--so being thrifty morphs from denying yourself what you want into anticipating what you're going to buy. When you do buy things, use cash. Handing bills over the counter underscores what you're spending in a way that swiping a piece of plastic never will...