Word: event
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...shibboleths and remake itself for a newly prosperous nation. The party now faces a similar proposition, Stewart believes: reform or die. "If the Labour Party fails to reform itself, then the second stage is that the electorate will reform it by throwing it out," he says, adding: "Barring an event like the Falklands War which helped save [Margaret] Thatcher, Labour is on a trajectory to a deep loss that could mean not just the disintegration of the Labour party but the end of strong social-democratic politics in Britain...
...would lenders target the good customers? Mainly because banks can't afford to take a lot of risk anymore. If you have, say, $30,000 in unused credit sitting around, there's always the chance you'll start tapping into it in the event of a job loss or other financial crisis...
...what to do with Fannie and Freddie may be the next task at hand. This week President Obama said he plans to have a proposal on what to do with the mortgage insurers by early next year. Fannie and Freddie, which guarantee to pay lenders and investors in the event that a borrower defaults, were set up by Congress. But while they were run as private companies, it was long understood that if the companies ran into trouble, the government would step in to save them, which is exactly what happened. (Read "Will President Obama's New Housing Plan Work...
...Khamenei had publicly requested the attendance of all the main players in the political drama that has roiled Iran since the disputed election. Reports on Thursday suggested that opposition presidential candidate Mir-Hossein Mousavi encouraged his supporters to attend the event, but overnight word circulated that he and reformist candidate Mehdi Karroubi had urged their followers to stay away, although the authenticity of those claims could not be verified. Indeed, the latest reports confirm that Mousavi and Karroubi were themselves conspicuous by their absence from Friday's prayers. Ahmadinejad, however, was in attendance as was fellow politician Mohsen Rezaie...
...week for Apple fans. On Friday, the third-generation iPhone - dubbed the 3GS - hits stores. And today Apple released its upgrade to the iPhone's operating system, an event that, for some people at least, promises to be as exciting as the repeal of Prohibition. At last, long-suffering iPhone users will be able to copy and paste information from one application to another...