Word: base
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...troubles at Northern Rock jar with the cachet the bank has enjoyed in recent years. Its low cost base, loyal customers and slick operation helped it outperform every other British banking stock in 2006. The lender - not yet 50 years old - "was a darling of the stock market," says Howard Wheeldon, senior strategist at BGC Partners in London. "It was perceived as a good growth stock with a good model." Its approach: a limited branch network meant savings chipped in by its own customers amounted to a smaller chunk of the funds it could lend in the form of mortgages...
WHAT'S NEXT? In 10 to 15 years, we'll be on a path to building a permanent moon base, says Space Policy Institute director John Logsdon...
...shrill reaction to Mahmoud Ahmadinejad's request to visit Ground Zero is playing right into the Iranian President's hands. He faces growing unpopularity at home, thanks to a dire economy and mounting religious and cultural repression. But his power base is made up mainly of Iranians who participated in the 1979 revolution, among whom the loathing of the U.S. runs very deep. Nothing energizes them more than the sight of their leader being excoriated by the hated Americans...
...Ultimately, DeMint and Coburn play an essential role, said Senator John McCain, once a bomb thrower himself. "I remember bomb throwing," McCain said with a quick grin. "It's vital, vital. We are losing the enthusiasm of our base because of our out-of-control spending." Phyllis Schlafly, head of the Eagle forum and one of the leaders of the conservative movement, agrees. "It's very important. They do a good job and we do think spending is out of control," Schlafly said. "The Republican base has not been happy with how the G.O.P. has handled control of Congress...
...move reflects the dilemma confronting Israeli Prime Minister Ehud Olmert: Some of his generals have been clamoring for a large-scale offensive against Gaza in retaliation for a rocket strike earlier this month by Palestinian militants that landed in a military base, wounding 60 Israeli soldiers. But a big assault on Gaza, said the plan's critics, could have cost Israeli lives and got troops mired there for a long time. Instead, Olmert and his defense minister settled for tougher sanctions on the coastal strip - even at the cost of raising an international outcry...