Word: fold
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...Shares in the lender plummeted by a third in Monday morning trading (they'd already fallen by a quarter on Friday). But Northern Rock is still unlikely to fold. Britain's Financial Services Authority called the bank's loan book "good quality" in a statement issued jointly with the Bank of England and the U.K. Treasury last week. And though it's not yet clear how big the Bank of England's lifeline is, the central bank's cash means savers' own deposits are safe. "We are a well capitalized, solvent and viable business," Northern Rock CEO Adam Applegarth told...
...Shares in the lender plummeted by a quarter on Friday (they'd already fallen by half this year). But Northern Rock isn't likely to fold. Britain's Financial Services Authority called the bank's loan book "good quality" in a statement issued jointly with the Bank of England and the U.K. Treasury. And though it's not yet clear how big the Bank of England's lifeline is, the central bank's cash means savers' own deposits are safe. "If I were a depositor, knowing I have the Bank of England behind me is probably the safest place...
...With campaigning intensifying and public anger over the fires fading, Karamanlis has gone on the offensive, ordering quick handouts of more than $4000 to fire victims and pledging a raft of measures, including higher pensions and tax breaks, in an attempt to entice disgruntled conservatives back to the party fold. He has also threatened to take Greeks on a fresh trip to the polls if his New Democracy party fails to win an outright majority. "I understand there is bitterness," Karamanlis told an election rally in northern Greece. "But this in not the time for a negative vote...
...exquisite corpse was a parlor game played by the Surrealists, those convention-spurning artists, writers and pranksters who flourished in 1920s Paris. Its objective: to uncover the magic of accident. One person would write the opening of a sentence, fold the paper to conceal part of it, pass it to a companion for continuation, and so on around the table. The first attempt contained the nonsense phrase "exquisite corpse," and the name stuck...
...long as Maliki retains the backing of the Kurdish alliance and one of the main Shi'ite blocs, his government has enough supporters to fend off a vote of no-confidence in parliament. And while efforts are under way at the moment to bring Tawafiq back into the fold, Maliki has other alternatives...