Word: june
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...Asian central banks have intervened in foreign exchange markets and done something they are loath to do: Actually increase the dollars in their foreign reserves. "Asian central banks are accumulating even more dollars," says Credit Suisse's Desbarres. According to Citigroup, China's foreign reserves ($2.13 trillion as of June, including forward currency contracts) have increased 11.9% since the collapse of Lehman Brothers in September, 2008. Hong Kong's foreign reserves have shot up by nearly 40% over the same period. Economists point out that this new pile-up of dollars will do little to reerse a dangerous pattern...
...FDIC's own revised estimate, the credit crisis, which has already claimed 95 banks this year, will cost the agency $100 billion. Half of that has already been spent. It's the other half the FDIC is having problems coming up with. As of the end of June, the FDIC had about $10 billion left in its insurance fund. That has put the FDIC in a tough spot. When a bank fails, it is up to the FDIC to guarantee that you'll get back the money (at least up to $250,000) you had in your checking account...
According to the e-mails posted on Gu’s site, she was referred to University Health Services Chief of Mental Health Richard D. Kadison for “inappropriate and intrusive” behavior in June 2007 and was placed on involuntary medical leave in Aug. 2007 for a pattern of behavior that was “extremely disruptive to the academic environment.” Gu said she was required to leave the United States within two weeks...
...Irish voters will go to the polls for a second time to vote on the Lisbon Treaty, an agreement already ratified by most of the other 26 members of the European Union that aims to reform and streamline the newly expanded organization. In June 2008, Irish voters roundly rejected the treaty in the only national referendum to be held on it, sinking the hopes of E.U. backers across the continent. In the 15 months since that vote, however, Ireland's fortunes have changed dramatically in the global recession, and the government and many prominent business leaders are now urging residents...
...Imam Khomeini's ideas; they should know that [Khamenei] has run the country for the last 20 years. The situation has changed." Before the brutal postelection security crackdown, Khamenei at least tried to appear to be an impartial, albeit autocratic, ruler, but that image was shattered by his June 19 speech bluntly threatening opposition protesters with violence...