Word: mondays
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...main street, stores that once sold everything from household staples to electronics and jewelry are now outnumbered by pawnbrokers. During lunchtime on a crisp Monday at Albemarle & Bond, Nicola - she doesn't wish to give her surname - 26, white and unemployed, holds a fistful of rings. "Can I get 10 quid for this?" she asks. After haggling with the assistant, she leaves with half that sum, passing a display case of trinkets earlier customers failed to redeem, including a clutch of diamanté rings spelling out the word Mum. Sentimentality is an indulgence nobody in Dagenham can afford. (See pictures...
...Moves to force lenders to pay up in response to the global financial blowout are gaining momentum. German officials announced plans Monday, March 22, to start taxing banks as a way of squirreling funds for any future bailouts, with details expected to come before the end of the month. U.S. President Barack Obama unveiled proposals in January for a $90 billion bank tax designed to recoup public money used to shore up the nation's lenders. No-nonsense Sweden, meanwhile, has already implemented its own version. But amid this consensus on the need to charge banks, doubts over the merit...
...string of beleaguered banks since the crisis began, the German government wants to pass the bill for future bailouts to the banks themselves. Lenders "cannot in the future gamble at the taxpayers' expense," Volker Kauder, parliamentary leader for the governing Christian Democrats, told a national TV network Monday. "Provisions must be made so that they - if things get difficult - pay for things themselves." (See the best business deals...
Check TheCrimson.com throughout the weekend and on Monday for continued updates...
...Check Monday's issue of The Crimson or TheCrimson.com for more updates...