Word: deposits
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Dates: during 2000-2009
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...important tool, is hardly a poverty cure-all. Property rights, the rule of law--these things matter too. "You cannot overidealize what microfinance alone can do," says Clara Akerman, president of the microfinance group WWB Colombia. Most outfits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. When people do have the option to save instead of borrow, saving is often what they prefer...
...study offered by the Committee on Degrees in History and Literature may be ultimately harmful: The notion that there can be some sort of cultural solidarity among incredibly diverse peoples simply by virtue of the sad, shared historical fact of Western domination threatens to muffle unique histories and re-deposit historiographic agency in the hands of Western intellectuals and Western institutions...
...record highs. "The Icelanders are richer than us," says British economist Portes. "They're not exactly going to starve." (Iceland's gross national income per capita is $39,400, compared to the U.K.'s $35,300.) What's more, the banks remain fundamentally sound: they have strong deposit ratios and are more profitable than their Nordic peers. First-quarter results suggest the financial climate has started to warm: the three largest banks all reported strong core earnings, with Landsbanki's rising by 27% compared to the same period last year. On May 16, in a show of support, the central...
...inside his open-pit mine, Pat Crisby, a plainspoken Newfoundlander, makes a startling observation. "We move enough dirt to fill the SkyDome in 48 hours," says Crisby, a fiftyish manager at Syncrude Canada Ltd., a company that is the Incredible Hulk of North America's biggest and richest resource deposit: Alberta's oil sands. The idea of filling the 60,000-seat home of the Toronto Blue Jays (now called Rogers Centre) with sticky, bitumen-laced soil from the Aurora North mine in a weekend is mind-boggling. But it puts the business conducted on this chunk of boreal real...
Facing record gas prices, President Bush reluctantly signed a bill to halt the deposit of 70,000 barrels of oil per day into the Strategic Petroleum Reserve, a two-month buffer of crude last tapped to offset disruptions caused by Hurricane Katrina. The amount of extra oil is relatively tiny--the world produces close to 75 million bbl. per day--meaning the move will have little impact on prices. Still, the measure sailed through Congress with overwhelming support...