Word: banking
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...hopeful that it would not be so extreme as to lose the Republicans the presidency. Asked what issues Republicans should focus on, Cellucci said cutting taxes, fiscal discipline, and regulations that are fair and effective. Motley said Harvard students could work to elect McCain by attending weekly phone bank trips. There will also be a campaign trip going to New Hampshire on Saturday...
When Bear Stearns collapsed in March, The New York Times described the storied Wall Street investment bank as “a throwback to a bygone era,” a place with a “cigar-chomping, suspender-wearing culture where taking risks was rewarded.” Some Harvard researchers may have found the link between the culture and the bust. Men with higher testosterone levels are more likely to opt for high-risk investments, according to a study by a Harvard anthropologist and a visiting economist. The researchers gave 98 male Harvard undergraduates $250 and asked...
...Jones industrial average dropped 778 points on the news. Treasury Secretary Hank Paulson warned Monday afternoon that car loans and student loans were likely to tighten. Other economists have warned of the possibility of widespread corporate failures and unemployment, if the short-term credit markets freeze up. Bank failures, or mergers, are likely to continue. The taxpayer costs of federal insurance on deposits could increase...
...Israel finally seized control of the Golan Heights as well as Egypt's Sinai Peninsula and the Palestinian territories of the West Bank and Gaza during the Six-Day War of 1967. Approximately 100,000 of the Heights' mainly Druze inhabitants fled or were forced out as Israel rushed to tap into the freshwater source, build settlements and use the high ground to monitor Syrian activity below...
...former leader in the rightist Likud Party who for decades staunchly believed that the West Bank and Gaza Strip belonged to the Jewish people and that the territories, along with the Golan Heights, should remain part of Greater Israel forever. Along with former Prime Minister Ariel Sharon, Ehud Olmert gradually came to understand that this was a fantasy. They broke away from Likud and created the centrist Kadima ("Onward") Party three years ago. Now, as Olmert hands the reins to Tzipi Livni and leaves office amid a corruption scandal, he's made a series of stunning departure statements that form...