Word: banking
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...plan to resuscitate the global economy has been well-received. American banks are being helped by government financing and new accounting rules that let them cook their books without being called to task by their auditors. Bank stocks have done well and the news about the sector may be good enough for them to hold their ground...
...great that the IMF received funds to aid struggling developing countries, but part of the reason those countries are in the position they’re in is because of IMF advice: The IMF must become more cautious, contextualist, and concerned with sustainability. The same goes for the World Bank...
Situated in Berlin's elegant mitte district, the Hotel de Rome channels history. It was built in 1889, and its ornate stone edifice originally housed the headquarters of Germany's Dresdner Bank and, following World War II, the state bank of communist East Germany (D.D.R.). Although the austere D.D.R. officials resented the building's opulence, they couldn't afford its demolition and instead boarded over its mosaic stone floors and ornate molding, inadvertently preserving them for today's luxury traveler...
...year, $102 million conversion, the building has been restored to its splendor and reborn as a five-star hotel. Designers cleverly converted a former cashiers' hall into a light and airy ballroom that features the original 19th century glazed roof. Underground, they created a luxurious spa by transforming the bank's jewel vault into a spectacularly lit 66-ft. (20 m) swimming pool and recasting a massive steel-and-copper money vault as a manicure parlor. (See 10 things to do in Rome...
...also agreed to provide an additional $250 billion in guarantees for export credits and other trade finance, which have dried up in the past few months and led to a drastic drop in global commerce. The size of these packages, plus agreement on new credit facilities from the World Bank and other multilateral lending agencies, was warmly welcomed by representatives from developing countries - including India, whose Prime Minister, Manmohan Singh, said, "I am going back home very satisfied...