Word: britain
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...Othello's story in the Moor's own voice; in Cambridge, he bestowed the name of the august English university on a doomed West Indian slave. His view does not overlook class or other races - in Foreigners he points out that more than 2,000 Jews fought for Britain in World War I, only to be greeted on their return as aliens. Yet where others complain about history, Phillips sets about remaking it, in more inclusive terms. As befits his theme, this new book is a hybrid, a mix of history, fiction and first-person reportage, its opening section delivered...
...other lives that are, and always will be, untold. A powerful complement to such novels as A Distant Shore (which won the Commonwealth Writers' Prize three years ago), Foreigners is really one piece of a mosaic that Phillips has been carefully and patiently putting together all his life. Britain cannot know itself, he suggests, until it acknowledges all of its parts...
...depositors' panic about the Northern Rock's solvency after it announced last week that it had requested an emergency line of credit from the Bank of England (lengthy lines of customers waiting to withdraw their savings have been a frequent sight outside Northern Rock branches for days), Alistair Darling, Britain's Chancellor of the Exchequer announced yesterday that the government itself would guarantee the bank's customers' money in the (very unlikely) event it failed. His office, he said, would "put in place arrangements that would guarantee all the existing deposits in Northern Rock during the current instability...
...better to lead us out of Iraq, deal with events in Iran, Afghanistan and Pakistan, respond to the emergence of China (where her novel, Living History, was a best-seller), and realign with our traditional allies (she is the preferred candidate in Britain, Germany, France and Canada...
...credit could yet follow in the U.K. Northern Rock's rivals Alliance and Leicester and HBoS similarly rely on liquid credit markets, albeit to a degree that's "smaller in magnitude," Collins Stewart's Potter wrote in a research note Friday. But the anxiety's not limited to Britain. Spooked investors dumped shares in Spanish, French and German banks Monday. Northern Rock, in other words, may not be the last financial institution to find itself in a hard place...