Word: englands
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Dates: during 2000-2009
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...unfortunate, to say the least, that one of the first actions of Britain's present Prime Minister, Gordon Brown, when he became Chancellor of the Exchequer in 1997, was to remove the task of bank supervision from the Bank of England and entrust it to the agency responsible for the regulation of U.K. financial markets - perhaps under the erroneous belief that financial regulation and bank supervision were much the same thing. In fact, they are fundamentally different. In any event, although Northern Rock was pursuing a conspicuously high-risk business strategy, which enabled it to increase its share...
...they are dealt with when they do. There was a serious bank failure in the U.K. when Johnson Matthey Bankers collapsed in 1984, while I was Chancellor of the Exchequer. After a few days of abortive attempts to find a genuine private-sector rescue, I authorized the Bank of England to take over JMB, close the business, and sort out the mess, which it duly did. Northern Rock is a larger and more complex case, but the principles are the same. Instead, Brown and his Chancellor, Alistair Darling, spent five months unsuccessfully trying to find a private-sector solution, which...
...take this worst possible course? The only plausible answer is so as to avoid the short-term political cost of a run-down of the bank, a major employer in the northeast of England, which is one of the Labour Party's heartlands. But the longer-term political cost to the government is likely to be very severe. Governments, like financial centers, need to be jealous of their reputation. The U.K.'s reputation as a financial center is sufficiently soundly based for it to recover from the blow inflicted by the Northern Rock affair. Whether the government's reputation...
...live peacefully with and even appreciate their presence. Studies suggest that these auditory hallucinations emerge following traumas ranging from the death of a loved one to outright abuse, so HVN encourages members to address the phenomenon with these origins in mind. In the past six years, HVN in England has doubled its number of support groups to more than 160 local chapters, and similar groups have cropped up in 17 other countries, from Japan to Finland...
...enduring message of Douglas Carter Beane’s “The Little Dog Laughed,” a sharp chamber comedy that fiercely satirizes Hollywood wheeling and dealing and probes issues of gay identity in the popular media.The Tony-nominated play makes its New England premier at the Wembly Theater at the Calderwood Pavillion, directed by Paul Melone and running through Feb. 16.The play focuses on Mitchell Green (Robert Serrell), a young actor confused about his sexual orientation and attempting to reconcile a budding public life with a newfound relationship with Alex (Johnathan Orsini), a New York callboy...