Word: browne
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...revealing an additional $63 billion aid package to Britain's top three banks Monday, Prime Minister Gordon Brown similarly tabled a document detailing the plan, which noted beneficiaries must maintain "over the next three years, the availability and active marketing of competitively priced lending to homeowners and to small businesses at 2007 levels". Such vivid expectation isn't limited to France and Britain. In virtually all countries whose financial systems are being bailed out by the state, governments are beginning to apply pressure for credit to finally being circulating again...
...Everyone has his day, and some days last longer than others." Winston Churchill's aphorism resonates for his 21st century successor, Gordon Brown. Just weeks ago the British Prime Minister looked fist-clenchingly impotent as insurrection bubbled in Labour's ranks and his Conservative opponents thumbed their noses from the safe distance of a 20-point poll advantage. Then came convulsions in the global economy. The scramble to avert meltdown drove Labour rebels into retreat, halved the Tory lead and granted Brown more than just a reprieve from domestic woes. As Congress bickered over the U.S. bailout and European leaders...
...Since Brown unveiled his plan to recapitalize British banks on Oct. 8, his day has yet to end. Downing Street phones ring off the hook as policymakers and financiers vie for a few minutes of his wisdom. When he's not doling out advice, he's meeting with his economic "war cabinet," or giving speeches and blitzing every conceivable media outlet. He has traveled to the European Council in Brussels and before that to Paris for an emergency summit of euro-zone countries - even though he refused to adopt the euro during his 10-year tenure as Chancellor...
From zero to hero, Brown now basks in international acclaim. A French newspaper dubbed the British pol "the resuscitated magician," and Paul Krugman, the freshly minted Nobel economics laureate, said Brown "may have shown us the way through this crisis...
Thorns lurk in some bouquets. A columnist for Germany's Süddeutsche Zeitung drew parallels between the famously moody Brown and the "sociopath" Churchill. However provocative, the comparison is apt: that just as war allowed Churchill to shine, so does the economic crisis play to Brown's strengths...