Word: lending
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...smooth surface of the polished wood panel and the carefully hidden brushstrokes give the Bellini its placidly silken, liquid surface, and even its painted and columned frame recalls the Italian High Renaissance; but the rougher surface of the canvas seems to free Titian to make visible his brushwork and lend his gilt-framed work a subdued and textured frisson. Titian dominates this first room of the exhibition, and his remarkable portrait of Pope Paul III introduces the psychological depths that set off these Venetians from their southern predecessors. The pope sits in a sea of faded velvet?...
...CLSA analyst Chris Wood says that recent improvements in China's economy can be attributed partly to a surge in bank lending that began in November. This, he notes, could only happen in an authoritarian country such as China, where the government can - and did - order the banks to lend. "The bottom line is that if this was a purely capitalist system, [lending] would be slowing," Wood says. Stimulus spending over the next three months will continue to boost economic activity, Wood says, but the impact will start to wear off later in the year. Absent a recovery in China...
...last possibility may be the most worrying - that there has been a fundamental shift in the appetite for nonbank securitized loans, which previously represented some 40% of U.S. consumer lending. "The Fed and Treasury have said we're prepared to lend up to $200 billion for small business, auto, student and other kinds of loans, but what is the market for them?" says the Fed official. "You still have to figure out what the demand is at this point, because of the state of the economy and whether people are comfortable doing these [securitized nonbank loans...
...most promising new offshore fields in the world. The deal gives Petrobras capital to further develop the field. In return, China will get 100,000 bbl. to 160,000 bbl. a day for more than 20 years. And just before the Brazilian deal, Beijing agreed to lend $15 billion to cash-strapped Rosneft, Russia's largest oil company, and an additional $10 billion to Transneft, Russia's biggest pipeline company. The loans will be paid off not in cash but in crude--300,000 bbl. a day from the huge east Siberian oil fields. That's about 4% of China...
...thought-out and cleverly executed.In “Duplicity,” Gilroy ambitiously attempts to transcend the stereotypical spy thriller with a thoughtful minimalism that made his directorial debut “Michael Clayton,” so successful. He employs frequent flashbacks and chronological re-orderings that lend the film an enticing suspense. But unlike “Michael Clayton,” this film fails to address any of the moral or ethical dilemmas implicit in a plot involving spies, treachery, and corporate litigation—even after five mentally exhausting plot twists. Gilroy uses the same...