Word: banking
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...become concerns due to price inflation. But because dollar-based profits from overseas will drop, corporations could cut back on capital investment and employment, which will have a spillover effect on households. "The negatives outweigh the positives," says Masafumi Yamamoto, head of foreign exchange strategy for Japan at Royal Bank of Scotland...
When Palestinian militants this week laid down their terms for a cease-fire with the Israelis - an end to Israeli military operations in Gaza and in the West Bank, and the re-opening of borders into the besieged Mediterranean strip - it wasn't long before the Israelis responded...
...Islamic Jihad. Israeli intelligence sources told TIME that the assassination was designed to prevent an alleged suicide attack that the Islamic Jihad commander had been planning, and to signal to Palestinian militants that while the Israelis were willing to discuss a truce in Gaza, military operations inside the West Bank were non-negotiable. The other message: Israel is in no mood to let militants dictate the cease-fire terms, especially after a Palestinian gunman opened fire in a Jerusalem yeshiva on March 6, killing eight students...
...Hamas and Israeli Prime Minister Ehud Olmert stand to gain from making the cease-fire, or "lull," as it is called by both sides, last a bit longer. An extended truce would give Hamas recognition in its power struggle with Palestinian President Mahmoud Abbas, who sits in the West Bank, and it might lead to the lifting of a crippling economic blockade on Gaza imposed after Hamas swept out Abbas loyalist fighters from the strip last June...
...security officer in Argentina's National Aeronautics Police (PAN), stationed in the VIP section of a Buenos Aires airport. Scanning the luggage of passengers debarking a flight from Venezuela, she noticed one that was densely packed with rectangular shapes. On inspection, they turned out to be bricks of bank-notes amounting to $790,550. "He didn't seem to be particularly nervous," says Telpuk of the bag's owner, Venzuelan-American businessman Guido Alejandro Antonini Wilson, a resident of Key Biscayne with alleged links to President Hugo Chavez and a taste for red Ferraris. "He acted perfectly natural until...