Word: banking
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Grace Mugabe, four decades the President's junior, is accused by critics of extravagant spending sprees, with funds supposedly siphoned from Zimbabwe's state bank. According to the Sunday Times, she has spent tens of thousands of dollars on designer handbags and Vietnamese marble statues, and is supposedly speculating in a lucrative China-based diamond business. During stays in Hong Kong, according to local reports, Grace's entourage occupies two whole floors of some of the fanciest hotels. She was photographed in 2003 with 15 trolley loads of luxury goods while sitting in a first-class lounge in Singapore...
...March, a number of actions will occur that will be critical to demonstrating whether the economic disaster will get much worse. The first is that the issue of the nationalization of the banks may well be resolved. The debate about the issue has already hit a fevered pitch and if the first quarter is going to bring another series of multi-billion losses, institutions including Citigroup and Bank of America (BAC) may simply not have the balance sheet strength to remain independent. While having the government seize one or two major banks may ultimately be the key to their survival...
...need money for cab fare or midnight snacks. But a Harvard University Police Department representative at the meeting said HUPD would prioritize safety over convenience, citing the risks associated with installing an ATM in a residential area, which include increased foot traffic and public access. While ATM providers, including Bank of America, told Quad students leading the effort that budget woes would prevent them from installing an ATM, at least one bank—Harvard University Credit Union—has said it would provide the ATM at its own expense. Tamar Holoshitz ’10, chair...
...even on his own, Bibi would be a bitter pill for the rest of the region to swallow. Netanyahu ran on a platform that would bring the peace process to a halt. His stated policies would continue the construction of Jewish settlements in the occupied West Bank, would brook no discussion of sharing Jerusalem as a joint capital between Israel and a future Palestinian state and, instead of negotiating for a two-state solution, would focus on "economic peace," in effect giving Palestinians jobs but not their land...
Italians are normally not good at waiting in line. During the weekly trip to the bank or post office it helps to have sharp elbows and a sense of entitlement. Getting on a bus or train can be more like packing down in a rugby scrum. But when those big moments in life arrive - the next step in your career, a business idea to launch, moving out of your parent's home - Italy is afflicted by a troubling surplus of patience...