Word: banking
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...value of the frustrating experiences. These experiences provide subtle, et important clues as to why many developing communities stagnate in poverty. I believe it is the failure to understand these less obvious driving forces of poverty that cause even giant organizations like the International Monetary Fund and World Bank to fail in major development projects. But most importantly, these experiences teach us the value of perseverance in development work while ignoring bureaucratic fluff...
...question on investors' minds is whether the recovery is for real. While China's GDP growth was better than expected, at 7.1% year on year in the six months to June, part of that expansion was fueled by an astounding 201% increase in bank lending. The central bank started tightening in July, when new loans totaled just $52 billion - down sharply from $224 billion in June. The August number may come in at an even lower $36 billion...
...split the party and cross over to the Likud, where Prime Minister Benjamin Netanyahu has been trying to woo them for months. Such a move would bolster Netanyahu's shaky coalition that depends for its survival on small right-wing parties that champion unlimited Israeli settlement in the West Bank...
...Rabbi Shalom Dov Wolpe, a leader of the Chabad Hasidic movement in Israel told TIME. "He fought against the people of Israel, against the land of Israel, against the Torah of Israel, against God." Olmert, says Wolpe, "is getting his punishment." (See pictures of life in a West Bank settlement...
...Olmert's resignation and the subsequent ouster of his center-right Kadima party from government earlier this year that resurrected Netanyahu's career. Now his coalition's opposition to territorial concessions in the West Bank has put it on a collision course with the Palestinians and the Obama Administration. Some Israelis continue to see the hand of God in all this. Settler leaders said they hoped Netanyahu, whom they forced from power in 1999 for making concessions to the Palestinians at the Wye River peace summit, would take note. Says David Ha-Ivri, spokesman for the Samaria Regional Council...