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...they did it a second time on Nov. 3 - and, oops, Australia may raise interest rates again in December this year or in February next year. "A further gradual lessening of monetary stimulus is likely to be required over time if the economy evolves broadly as expected," the Reserve Bank of Australia said last week. It expects GDP to expand 1.75% this year, more than three times its forecast in August...
...Department, estimates that of the 38 indie-film financing firms - the so-called front end - that existed in 2007, only 11 remain. And they are mostly sitting on their hands. While Wall Street investment in independent movies totaled more than $2 billion from 2005 to 2007, according to Deutsche Bank, it has plummeted to practically nothing since then. (See TIME's audio slide show "85 Years of Warner Bros. Movies...
...film turned out to be. The filmmaker could then go to a private investor who, knowing that the movie was already presold to foreign territories, would view it as less risky and invest. With money from both foreign rights and private investors, the filmmaker could then secure a bank loan for the remaining funds. (See the top 10 Cannes film-festival moments...
...prime audience for Abbas' statement, of course, was not the PLO leadership but the Obama Administration. According to Palestinian sources who attended the meeting, Abbas told his PLO comrades that the U.S. had "cheated" him by retreating from its insistence that Israel end settlement construction in the West Bank and East Jerusalem. "We welcomed it, and were optimistic when President Obama announced the need for a complete halt to settlements, including natural growth," Abbas said. "We were surprised by his support for the Israeli position." (The U.S. has backed Israel's argument that negotiations should resume despite the disagreement over...
...Israel, the Palestinian leadership believes there's nothing to be gained from talking to the hawkish Netanyahu government. From the perspective of Fatah, the almost two decades spent relying on U.S.-led diplomacy to deliver Palestinian national goals has delivered precious little. As Israel's encroachment in the West Bank and East Jerusalem has continued apace, Fatah's inability to reverse that situation via negotiations has played a major role in its eclipse by the more radical Hamas movement...