Word: banking
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...dollar finally used up the last of its nine lives? There are worrying signs that the world is losing its appetite for dollars. The International Monetary Fund announced on Nov. 2 it was selling 200 metric tons of gold to India's central bank for $6.7 billion. News of the purchase sent gold prices to an all-time high. The move was widely seen as part of an effort by central banks around the world to diversify their extensive U.S. dollar holdings. Steven Englander, chief U.S. currency strategist at Barclays Capital in New York City, figures that in the second...
...stabbing and wounding an Arab man he believed had made a pass at him and bombing the homes of a left-wing professor and a family that belonged to a messianic Jewish sect; the professor and a 15-year-old boy were wounded in the two attacks. A West Bank settler born in Florida, Teitel reportedly kept bombmaking matériel and automatic weapons at his home. The attorney for the father of four says his client is mentally unstable...
...ploy, of course. The Palestinians were tangled up in themselves, yet again. They had elections looming, and their leader, Mahmoud Abbas, had to hang tough: he was demanding a total freeze to Israeli settlement-building on the West Bank - which was precisely what the Obama Administration had previously said it favored. Netanyahu was offering a partial freeze, not including new settlements in East Jerusalem, the desired capital of a future Palestinian state. This was a nonstarter for the Palestinians, but it had the holographic glow of a step forward. It was an "unprecedented" offer, Netanyahu trumpeted, with...
...Democrats sponsored their final phone bank yesterday evening in Adams House, with about fifteen volunteers rallying support in the gubernatorial races in New Jersey and Virginia as well as the special congressional election in New York and the gay marriage referendum in Maine...
...especially in the top ranks of journalism, there's class bias. If I wanted to look at potential conflicts of interest in reporters covering bank bailouts, for instance, I'd be less concerned about their party affiliation than whether they're based (like me) in New York City, where the economy lives and dies on finance...