Word: move
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Dates: during 2000-2009
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...quirk of accounting rules, the banks won't have to expense the upfront payments this year, even though they will be handing over the cash in the next few months - in amounts that could run into the billions of dollars for some banks. The FDIC says the move will solve its liquidity problems - the FDIC officially slid into the red this week for the first time since 1991. But it's not certain whether the plan will boost confidence in the banking system, as the FDIC seems to hope. (See pictures of TIME's Wall Street covers...
...HSBC announced that its chief executive, Michael Geoghegan, will relocate his office back to Hong Kong in February, 2010. The decision is yet another sign of the growing economic influence of Asia. Calling Asia the bank's "strategically most important region," HSBC said in a statement that Geoghegan's move "further positions the Group for the shift in the world's center of economic gravity from West to East." (See 10 big recession surprises...
...Ramadan by the most prominent of Khomeini's 15 grandchildren, Hassan Khomeini, who also happens to be administrator of the shrine. Hassan, like many of his relatives, including at least three other grandchildren and a daughter of the Imam, has come out in support of the opposition movement. The move was just the latest in a string of developments in the past few weeks that revealed the regime's efforts to maintain control, even at the risk of further alienating the family of the founder of the Islamic Republic. (See pictures of the rise and fall of the Shah...
...first known use of economic sanctions took place in 432 B.C., when Athenian officials, irked by the assistance the Greek state of Megara had afforded its rivals in Corinth, banned Megaran merchants from its ports. The move didn't go over very well - instead of reasserting Athenian supremacy, it helped trigger the 27-year-long Peloponnesian War, which ultimately stripped Athens of its empire. But the tactic caught on. Venice imposed sanctions against Bologna in 1270 in order to coerce them into buying their wheat instead of grain from Ravenna, and in subsequent centuries, the Hanseatic League tried trade bans...
...Tensions had been building in the weeks leading up to Monday's protest after Camara hinted that he may run in the presidential election set for January 2010, going back on an earlier pledge not to take part in the election. The move infuriated the opposition, which wants to see free, democratic elections held in the country. Many opposition members were arrested in Monday's crackdown, according to Mohammed Jalloh, a Guinea expert at the think tank Crisis Group in Dakar, Senegal...