Word: bankes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Japan discovered the futility of ultra-low interest rates in the 1990s, when the Bank of Japan (BOJ) tried to prod the country out of a protracted recession by lowering the rate all the way to zero in 1999 - where it stayed, with one brief interlude, until 2006. Despite the fact that lenders could essentially get free money from the government, Japanese banks were busy recapitalizing and paring down mountains of bad assets, and had little interest in doling out more loans in a moribund economy. The zero-rate policy did little to stimulate growth...
...lower rates again, to below 1%, in the coming months as the economy weakens. Even though ultra-low rates may have little immediate economic impact, they help to stabilize the financial sector as well as stock markets. Equities become more attractive when interest earned by stashing cash in the bank is lower than the inflation rate. "While the BOJ's zero-rate policy did not work as expected in terms of reviving the economy, it contributed to preventing the financial system from collapsing," says JPMorgan's Kanno. The U.S. may soon find itself in a strange, zenlike economic state...
Unsurprisingly, this exuberance lured more investors to the market, investing on margin with borrowed money. By 1929, 2 out of every 5 dollars a bank loaned were used to purchase stocks...
...Israeli forces and produced the right conditions for a home-grown, grass-roots activism - frustrated youth trapped inside all day with nothing but the TV and the internet to turn to. "It's a way to achieve effective non-violent resistance," says Abukeshek, 27, who is from the West Bank city of Nablus but now lives in Madrid where he helps run Pal-youth.org, an online internet portal connecting Palestinians around the world...
...Online, Palestinian youths don't have to navigate the political allegiances - primarily to the warring Fatah and Hamas factions - that crisscross the camps and which have torn the West bank and Gaza apart. These tensions don't dominate "e-Palestine": experts estimate that up to 60% of young Palestinians are not members of any faction - an enormous break from the extremely high rate of party affiliation of previous generations...