Word: britain
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...moment, though, the priority remains trying to stabilize a global financial system that has become worryingly volatile. Announcing Britain's plans to recapitalize its major banks and reach out for a broader international solution, Prime Minister Gordon Brown didn't mince words. "This is not a time for conventional thinking or outdated dogma but for the fresh and innovative intervention that gets to the heart of the problem," he said. The big yawn with which global stock markets greeted the move said it all: given the beaten-down state of the financial system and the questions that continue to swirl...
...Patten, the chancellor of Oxford University and Britain's last Governor of Hong Kong, sets out to explore how nation states can "do more together rather than less." Through entertaining and wide-ranging discussions of terrorism, the threat of biological, chemical and nuclear weapons, migration, drug-trafficking, diseases, energy and climate change, Patten sees enough opportunities for cooperation to remain an optimist. The former European Commissioner for External Relations is an unashamed liberal internationalist, happy to call antiglobalization activists hypocrites. But he also recognizes the severe damage American adventurism has done to Washington's image over the past few years...
...roaring success in the town of 25,000. On a housing estate that usually reported five crimes a day, none were reported during a week-long trial run, prompting a local homeowners' association to raise $26,000 to help fund the operation for the rest of the year. And Britain's Home Secretary, Jacqui Smith, urged police forces across the U.K. to adopt similar programs...
...solution needs to be far more dramatic. They advocate that the U.S. government directly invest taxpayer money into private financial firms. "The authorities must do anything they can," Kanno says. "If the banks are in trouble, they can be nationalized and the government can protect the whole system." Yesterday, Britain pledged hundreds of billions of dollars in credits, guarantees and cash to shore up its banking system. The package included partial nationalization of some of the country's major banks...
...financial authorities warned on Tuesday that Icesave, a subsidiary of Landsbanki, Iceland's second biggest bank, might not be able to pay out the estimated $7.8 billion in deposits of some 300,000 British customers, who would then have to file claims to deposit guarantees set by Iceland and Britain, which would cover up to $87,000 of an individual's savings. One London-based customer said she had tried over a week ago to withdraw her money from Icesave but was told she could not. "I didn't think it was exposed to the mortgage market," she says. "Where...