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...core banking operations. While bank chiefs in the U.S. and Europe gorged on high-risk subprime lending and complex mortgage-backed securities in a quest for fat returns, Sands avoided toxic assets that got its competitors into trouble. Sands became even more cautious as the U.S. housing bubble began unraveling in 2007. Some risky borrowers - such as low-margin Asian exporters, which have been hit hard by the collapse of U.S. consumer spending - were asked to cough up more collateral when renegotiating loans, while other marginal customers were denied further credit. To strengthen the bank's financial position even more...
Just as crucial as how the government is changing Soweto is how Soweto is changing itself. Soweto is the crucible of South Africa's growing black middle class, a status that comes as no surprise: as the place where the uprisings that eventually overthrew apartheid began and as the former home of Mandela and Archbishop Desmond Tutu, the township has long been at the forefront of change. Today shacks are being replaced by houses. Bars, restaurants and hotels are thriving. BMWs and Mercedeses clog the streets. Richard Maponya opened the glass-and-steel Maponya Mall on Soweto's main highway...
...VICTIM; HOW MANY KILLERS? 1 Meredith Kercher, 21, was killed Nov. 1, 2007 2 Raffaele Sollecito began dating Knox two weeks before the murder 3 Rudy Guede admitted to having sex with Kercher and was convicted of murder 4 Patrick Lumumba, named in Knox's confession, had an airtight alibi...
...after the election, when protests against President Mahmoud Ahmadinejad began escalating and the Iranian government moved to suppress dissent, the Twitterverse exploded with tweets in both English and Farsi. While the front pages of Iranian newspapers were full of blank space where censors had whited out news stories, Twitter was delivering information from street level in real time: Woman says ppl knocking on her door 2 AM saying they were intelligence agents, took her daughter and we hear 1dead in shiraz, livefire used in other cities...
...government also began a propaganda campaign aimed at shifting responsibility for the violence meted out by the state onto foreign powers and the protesters themselves. State television aired a program in which witnesses and experts all agreed that Neda Agha-Soltan - the 27-year-old bystander whose death was captured on YouTube, sparking sympathy worldwide and turning Neda into a martyr - was shot by foreign agents in order to intensify people's rage. State television also broadcast another program mourning the purported deaths of eight Basijis killed by bullet wounds...