Word: centralization
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...their efforts to expand, going without government bailouts during the depths of the crisis last fall won't have done either bank's prospects any harm. While Barclays and HSBC have both benefited from taxpayer loans or guarantees - part of a $2 trillion package of state and central-bank aid doled out to Britain's lenders - both "have worked hard on their balance sheets," says Simon Maughan, a banking analyst at MF Global brokerage in London. Having tapped Middle East investors last year in an effort to bolster its capital base, Barclays agreed in June to sell the investment unit...
...their release. And just before 7:30 p.m. eastern time, Clinton's spokesman sent out this statement: "President Clinton has safely left North Korea with Laura Ling and Euna Lee. They are en route to Los Angeles where Laura and Euna will be reunited with their families." The Korean Central News Agency called the release of the two journalists a sign of North Korea's "humanitarian and peace-loving policy." And at 5.50 a.m. pacific time (8.50 a.m. ET) Wednesday, their plane touched down at Bob Hope Airport in Burbank outside Los Angeles. (See pictures of Euna Lee and Laura...
...many campaign posters, and before Abdullah spoke at last week's rally, he visited Massoud's tomb on a hilltop in Panshir. But Massoud, who is seen as a hero in large swaths of northern and eastern Afghanistan, is widely despised by the southern Pashtuns and the central Hazara ethnic groups, who suffered terrible depredations at the hands of Massoud's army during the civil war that followed the withdrawal of the Soviets. What's more, Abdullah is not the only former Massoud aide who can claim a connection to the hero's legacy - Marshal Mohammad Fahim, Karzai's running...
...handed out licenses to import and export goods and gave more favorable exchange rates to certain traders. But ironically, as postrevolutionary Iran's economy diversified, with malls sprouting up in Tehran neighborhoods that catered to the tastes of an expanded middle class, the bazaar may be slowly losing its central place in Iranian social life. Still, as the Iranian factions struggle for power, whoever wins over the bazaar will have a major advantage...
...part, Britain's House of Commons Foreign Affairs Select Committee says NATO's inability to even the burden-sharing among member countries undermines the central mission of the alliance and raises the "real possibility that without a more equitable distribution of responsibility and risk, NATO's ... reputation as a military alliance, capable of undertaking out-of-area operations, [will be] seriously damaged...