Word: englands
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Dates: during 2000-2009
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Amid the chaos and confusion that has accompanied the credit crisis at British bank Northern Rock, Bank of England Governor Mervyn King has remained tight-lipped. There was barely a word from him when the Bank, as Britain's lender of last resort, made emergency cash available to Northern Rock last week. When that triggered a run on the High Street lender, with customers lining up for days to take back their savings, King still failed to utter a word. And when the government finally stepped in Monday to offer a gilt-edge guarantee for spooked depositors in the form...
...Fast-forward a month, however, and things looked grim. Still short of credit in those tight money markets, Northern Rock had little choice but to approach the Bank of England for cash. And that - the emergency credit that King duly put up - was supposed to be that. It wasn't. Far from reassuring savers, the central bank's efforts amounted to "the equivalent of screaming fire in a crowded cinema," offered John McFall, chairman of the Treasury select committee. King could hardly quibble with that, but coming to his own defense, the Governor made clear it hadn't been...
...delicate frame that is perfect to carry clothes. She is also possessed of a considerable intelligence, itself at odds with what is now called fashion intelligence, which means tracking trends, being In, going out. So what does Harlech do? She reads, she thinks, and ever since she joined England's Harpers & Queen as a junior fashion editor post-Oxford, she's had a marvelous way with old lace. That wouldn't lead to a position of influence for most people, but then, most people do not have Harlech's ability to weave romance through clothes. John Galliano was entranced...
BILL RICHARDSON, Governor of New Mexico and Democratic presidential candidate, using the New England Patriots spying scandal to take a swipe at President Bush...
Last week we New England Patriots fans learned that Bill Belichick, our team's wildly successful head coach, cheats. Turns out that in the first game of the season, one of Belichick's assistants improperly videotaped the defensive coaches of the opposing New York Jets, trying to steal their signs. As punishment, the Pats were stripped of future draft picks and fined, as was Belichick. Across the nation, sports writers wagged their fingers. Editorials called Belichick a disgrace. And us fans? Well, when Belichick's mug appeared on the video screen just before the Pats' second game, the hometown crowd...