Word: bombs
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...billion loan to Iceland, which was followed by support from a consortium of Nordic central banks. This has finally eased some pressure on the unfortunate island, but it has left many wondering how this chaos might have been averted. The Icelandic financial services bubble was a ticking time bomb, and the Brown administration in the U.K. behaved amateurishly given the circumstances. but perhaps more importantly, the lesson is that Iceland’s banks should not be so heavily invested in Europe if the country as a whole is not better integrated into continental regulatory structures. Specifically, its banking behemoths...
...apparel to complete your collection. As much as I support the fine institution that I am lucky enough to call my school, I am also proud to have spent a total of zero dineros on Harvard paraphernalia. I already know what my school is, so why drop the H-bomb with a gigantic crimson “HARVARD” written across my chest? Props for discretion though. And what I really don’t need is “HARVARD” emblazoned in gold on my tote bag, down my leg, and on...um...other places. Again...
...damage from last Thursday's bomb blast in downtown Zagreb that killed Ivo Pukanic, one of Croatia's top media moguls, and his advertising manager, Niko Franic, will not be confined to the casualties. The attack has cast doubt over whether Croatia can curb rampant corruption and organized crime and achieve its goal of joining the European Union next year...
This is not the first such raid into Syrian territory in recent years. In September 2007, Israeli jets bombed a site in northeast Syria suspected of being a nuclear facility. Syria has also been shaken by attacks from within its borders. In February, Imad Mughniyah, posthumously identified as the top military commander of Lebanon's militant Shi'ite Hizballah, was assassinated in a car-bomb explosion in Damascus. Last month, a rare car bomb exploded in the Syrian capital, killing 28 people...
...determined. The current economic turmoil, he says, could serve as the best warning yet to policymakers and the public of more long-term problems fast approaching. "It's important that the federal government deal with the immediate but start taking steps to be able to defuse our fiscal time bomb so we can avoid what I refer to as a super subprime crisis associated with the federal government's finances down the road," said Walker. "We need to start making progress on multiple fronts at once." (See pictures of the week here...