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Word: bankes (lookup in dictionary) (lookup stats)
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Meanwhile, Japan's central bank has finally conceded that deflation is a critical problem and signaled that Japanese interest rates will remain at historically low levels for at least the balance of 2010 as the government prepares to devalue its currency...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

...suppose we need a paragraph here about why all this simplicity is extremely dangerous. Most economists agree that if it hadn't been for the bank bailouts and the Obama stimulus package, the country would have slid into a deep recession that might have prevented a lot of Tea Partyers from buying their $549 tickets to ride. Then again, any sentence that begins with "Most economists" is a license to snore in tea party nation. And Palin will, quite often, veer from simplicity to duplicity. She was the inventor of the mythic, noxious "death panels." In Nashville, she retailed nonsense...

Author: /time Magazine | Title: It's Her Party: The Brilliance of Sarah Palin | 2/11/2010 | See Source »

...Pensioner Gang by the German media - interrogated James and even threatened at one point to kill him if he didn't find a way to return their money. (There was allegedly a gun in the house.) After four days, the pensioners forced James to send a fax to his bank in Switzerland to transfer funds to their accounts. And that was their undoing. The frightened consultant wrote, "Sell 100 Call.pol.ICE" on the fax, and a bank employee alerted authorities in Germany. An armed police squad stormed the house and freed James, and the defendants gave themselves up peacefully. (See video...

Author: /time Magazine | Title: Germany's Kidnapping Trial: Revenge of the Pensioners | 2/11/2010 | See Source »

...least as well known for his celebrity as for his writing. He is a fixture in magazines, sometimes being photographed at his large Left Bank apartment with his wife, the French actress Arielle Dombasle, or by the pool at the couple's mansion in Marrakech, which was once owned by John-Paul Getty. Given his jet-setting lifestyle and dashing appearance, some French journalists have found the story of his literary error too titillating to ignore - and their coverage has been overwhelmingly unforgiving. Lancelin, who first spotted Lévy's mistake, described it as a "nuclear gaffe" that would...

Author: /time Magazine | Title: A French Philosopher Duped by a Fictional Character | 2/10/2010 | See Source »

...city avoided the humiliation of welcoming the world with a half-built Olympic Village, but at a great price: in early 2009, new Vancouver mayor Gregor Robertson declared that taxpayers were "on the hook" for the $1 billion project. "What ended up happening was that the city became a bank for private-sector development," says Mark Cutler, director of Olympic Village Development for the Vancouver Organizing Committee, the body that is operating the complex during the Games. (See what becomes of Olympic stadiums...

Author: /time Magazine | Title: Vancouver's Olympic Village: Let the Bailout Games Begin | 2/10/2010 | See Source »

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