Word: centralizes
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...many Merkel critics say Germany needs to act now. Merkel's wait-and-see policy just isn't working, they argue. Economists now predict that Germany's export-dependent economy will contract by a record 7% this year. And the latest data from the European Central Bank show that despite the stimulus packages and bailouts across Europe, the region's banks still are not lending money. The volume of lending to the private sector in the eurozone, the 16 countries that use the common European currency, dropped 0.1% in February from the month before and lending to businesses also slipped...
...dealing with the issue. Axel Weber, president of the Deutsche Bundesbank, said talks between the banks, the finance ministry and SoFFin, the federal bank-stabilization fund, could produce a viable concept for a bad bank before the G-20 meeting. According to Weber, Germany would not create a central bad bank and it would not buy the toxic assets from the banks. Instead, German banks could split each bank into a good bank and a bad bank, allowing the banks to move the bad debt into their bad bank and in return receive fresh capital from the government for their...
...least a little interested in knowing who will be part of the lucky ’13. At least we here at Flyby are, and we’re going to make it our business to stalk the class of ’13 like we stalk central administrators…and celebrities with twitter...
...clearly evidenced by the cases of Charles C. Lynch and 30 to 40 other individuals who faced or were incarcerated for medical-marijuana-related charges before the Obama Administration relaxed its policy. Lynch was convicted in federal court in 2008 on five counts, including distributing marijuana through his dispensary, Central Coast Compassionate Caregivers, in Morro Bay, Calif. Lynch, 47, who believed he was complying with state laws regarding his clinic - he had a business license for his dispensary, a nursery license for the marijuana plants he cultivated and the blessing of city officials, including the mayor - was charged with violating...
...sentencing until April 30 and requested that prosecutors provide a written clarification from the Justice Department on the Obama Administration's position that federal agents target marijuana distributors only if they violate both state and federal laws. Thom Mrozek, spokesman for the U.S. State Attorney's Office for the Central District of California, said they were reviewing the judge's request but declined further comment...