Word: banking
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Though it was nearing midnight and the temperature was sub-zero, Antoine hastily made his friend put on a jacket and run outside to the frozen Charles River down the street. Amid the snow and ice, the two friends stepped cautiously onto the frozen river and back to its bank. There they talked and laughed...
...dilemma of Olmert and Barak over how to end the campaign is nothing compared with that confronting President Abbas. He is facing a wave of anger sweeping across the West Bank, even within his Fatah organization, over his response to the Gaza events. Many Fatah leaders are demanding that Abbas not only break off the largely symbolic peace talks he continues to hold with the Israelis, but also that he end security cooperation between his forces and those of the Israelis. But Abbas can't afford to do that: Israel's Gaza campaign has actually strengthened Hamas politically, even...
...doesn't help that the pound is wilting. Two years ago, one euro was worth just ?0.65. Now, humbled by bank crashes, government bailouts and a collapsing housing market that has forced massive interest rate cuts, Europe's currency is within a pence or two of parity with the pound. "The debate has changed from a total fantasy in the U.K.," says Jean Pisani-Ferry, director of Brussels-based think tank Bruegel. "The political obstacles still remain strong, but it has changed the perception of the U.K. as the perfect system...
...says, the euro's first decade has been characterized by budget rows and debates about the European Central Bank's monetary policy, when the focus should be on correcting big macroeconomic divergences, like Spain's and Ireland's recent (and ultimately doomed) property bubbles. "The euro zone needs more ability to act in times of real crises, or to prevent them," Pisani-Ferry says. "It is a slow process." But one that has come a long way in 10 years...
...they come back from India and from Latin America, how changed they are as people. I see my son, after one and a half years in Latin American. He came home, and five days later, was called for 30 days "miluim" service [with his military unit] in the West Bank. And he was sitting in the worst junction in the West Bank. And he says, "When I look around me 360 degrees, nobody loves me. Settlers, Kahanes, rabbis, mullahs, Hamas, Palestinians, you name it - they all hate me. And he told me, "Here I was sitting on a corner...