Word: britishism
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Dates: during 2000-2009
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...bank bosses to convey the health of their business have lost all relative meaning. Victor Blank, chairman of Lloyds Banking Group, saw "exciting prospects for the group" in its first-half results unveiled Wednesday, Aug. 5. Northern Rock "is making progress," chief executive Gary Hoffman said of the British bank's half-year results announced a day earlier. "Our first-half performance," Barclays boss John Varley reckoned the day before that, was "a good start." At HSBC, chief exec Michael Geoghegan said Monday, the first six months of the year "saw much that is encouraging for our future...
...average across Britain's banks is 2.4%.) Plans to split the bank into its "good" and "bad" halves - savers' deposits and new lending in the former, existing loans in the latter, as a prelude to reprivatization - still await the E.U.'s stamp of approval. (Watch an interview with British PM Gordon Brown...
...Whether the British public is willing to back a violent campaign over such a protracted period is uncertain, however. The buildup and execution of Operation Panther's Claw led to the bloodiest month to date for British forces in Afghanistan, with 22 British personnel killed in July. The financial cost of the campaign is mounting too: according to a report in the Times of London, spending on Britain's military operations in Afghanistan has more than trebled, from $1.3 billion in 2006-'07 to $4.4 billion in 2008-'09. And there are indications that the British public's patience...
...Contentious as it may be, the need to consolidate the success of Panther's Claw will make the logic for sending additional British troops to Afghanistan irresistible, according to Paul Cornish, head of the International Security Program at the London-based think tank Chatham House. Eventually, however, the British public will demand that politicians articulate an endgame. "Britain will commit additional troops because there's such a sound logic to it militarily," says Cornish. "But I can't see how we can plan to be there for the next two or three decades. I just don't see how that...
...Nazis, Britain has had its conception of its military power - and its confidence in what it's fighting for - shaken by the more recent conflicts in Iraq and, now, Afghanistan. "We still have a very strong and patriotic affection for our troops," says Chatham House's Cornish. "But many British people feel conflicted by the desire to support our troops and impatience with their role in wars that either seem morally dubious or open-ended...