Word: banking
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...reason it has proved so hard to help homeowners is that today's mortgages are no longer simply held by a local bank; they have been sold to Wall Street, where they were cut up and repackaged into thousands of bonds sold to investors. The current global credit crisis originates from the moment when subprime borrowers starting having trouble making their mortgage payments, which had been funneled into interest payments to bond holders...
...this the moment the European Union's ambitious climate change agenda unraveled? At the end of the two-day E.U. summit in Brussels Thursday, European leaders congratulated one another on their bold bank rescue plans. But the mutual backslapping might have provided perfect cover for a retreat from their long-standing commitment to reduce Europe's overall CO2 emissions by 20% by 2020, compared to 1990 levels...
...square miles (6,200 sq km) combined, that thousands of expatriates have bought tropical vacation homes. Indeed, a global real estate slump notwithstanding, Bali and Phuket's residential sectors are still booming, in part because most of the foreign-owned property on these two islands isn't bank-financed. In Bali, despite a pair of terrorist bombings in 2002 and '05, land prices have increased by at least 20% annually over the past three years, with some prime beachfront land going for double what it did a year ago. In Phuket, which suffered a devastating tsunami in 2004 followed...
Dershowitz said that both sides of the Israeli-Palestinian conflict must compromise. Israel should end civilian settlements on the West Bank, while Palestinians must stop terrorism, Dershowitz said...
...term called ‘social enterprise,’” Silbert said. “It was called the nonprofit sector. I was considered on the fringe and not a part of mainstream business.”John C. Whitehead, a former co-chairman of investment bank Goldman Sachs, cited the public school system as an area in which nonprofit work could make a difference, saying the government has failed “miserably.”Whitehead called on the panel’s audience members to participate in social enterprise regardless of their economic status...