Word: englander
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...swelled in recent years on the back of rising housing prices. But in all three countries, red-hot housing markets have suddenly gone cold. With jittery banks slashing the range of available mortgages, and rocketing gas prices nudging inflation to 3.8% - well above the Bank of England's 2% target - demand in Britain's housing market has been choked. House prices fell 1.7% last month, according to Halifax, a major mortgage lender, and a total of 8.8% over the past year. That's hit Britain's construction business hard. Shares in Taylor Wimpey, the U.K.'s largest house builder, have...
...lenders have in recent weeks begun squeezing their fixed-rate mortgages to lure buyers in. The government, meanwhile, is examining a temporary suspension of the tax paid by new buyers. What's really needed, though, is an interest rate cut. That's unlikely. On August 7, the Bank of England opted to hold rates at 5% because it's scared a cut will allow inflation to balloon further...
...currency, those exports are under pressure. The result: though inflation within the euro area stands at 4.1% - more than double the ECB's goal of 2% - the region's central bank announced earlier this month it, too, would keep rates on hold. "Both the ECB and Bank of England have been caught between a rock and a hard place," says Matthew Sharratt, an economist at Bank of America in London. "The best they can do is to leave rates where they are until they see some signs that inflation has peaked or started to come down...
...from the winter of 1977. The 27-year-old McKinney was accused in court, along with a friend, Keith May, of abducting 21-year-old Mormon missionary Kirk Anderson from a church in a London suburb and taking him to a cottage in Okehampton, Devon in the southwest of England. There, said Anderson, he was chained to a bed and forced to have sex with McKinney for three days. McKinney, once a Mormon herself, was said to have formed a crush on him after they'd first met and had sex in 1975. Anderson tried to break off the relationship...
...told the court in her native North Carolina drawl. "I love him so much that I would ski naked down Mount Everest with a carnation up my nose if he asked me to," she added. Such sexual frankness rather stuck out in a magistrates court in sedate, suburban Surrey, England, in those days...