Word: deposits
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...first glance the elimination of a mineral deposit may seem too insignificant to merit sainthood. Indeed, the criterion of the early Church for sainthood was martyrdom. Even when popes established an alternative requirement of anywhere from two to four posthumous miracles, those have tended to be cures of dire, often life-threatening ailments. They were seldom conditions that the sufferer could have dealt with by other means, but simply didn...
...there emptying out their bank accounts so their daughter with leukemia can be healed." He recently read on the air a editorial by Grady denouncing "Celebrity Christianity," which described the case of an unnamed female evangelist whose appearance contract included a five-figure honorarium, a $10,000 fuel deposit for a private plane, a five-star hotel, room-temperature Perrier and two bodyguards. The column ended, "May God help us root out the false apostles ... who are making the American church sick with their.... money-focused heresies...
Part of the panic surely rests with the U.K.'s relatively modest deposit insurance system. Only deposits of up to around $63,000 are protected under the U.K.'s industry-funded Financial Services Compensation Scheme. Britons stashing away more than that have no legal guarantee they will see their savings again if their bank fails. Higher insurance caps - in the U.S., for instance, the Federal Deposit Insurance Corporation guarantees depositors up to $100,000 - would have done much to thin the lines. Keen to avoid the kind of panic triggered among Northern Rock's savers, the Treasury, the Bank...
...finished until next year, Don Gautier, one of the survey's principal investigators, says, "there's no doubt that certain geologic provinces in the Arctic have significant oil and gas reserves." Some of the most attractive are in the Barents Sea. In Russian waters, east of Norway's Snohvit deposit, lies the Shtokman gas field, thought to be 10 times as big. Granted, not everyone is convinced that the Arctic will be Big Oil's new savior. A study by energy consultants Wood Mackenzie and Fugro Robertson concluded last year that Arctic reserves would prove "disappointing." "Our assessment is that...
...then concerns outweigh statements saying 'the bank's solvent,'" says Nic Clarke, banking analyst at Charles Stanley in London. "When it comes to their life savings, when they've got the choice of seven or eight other banks in the High Street where they can walk next door and deposit funds and consider them safe, the majority will do it. It doesn't really matter if the rationale is right or wrong, they're voting with their feet...