Word: namee
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...earned a reputation for brilliance in the 1980s, dithered for years. In the face of slumping demand and price deflation, they cut interest rates too slowly, delayed a fiscal stimulus and failed to restructure so-called zombie banks, whose bad loans made them dead in all but name...
...banks' shareholders don't make a promising target. The stock prices of Citigroup and Bank of America, to name two especially dramatic examples, are down more than 90% from their 2007 peaks. There are arguments, relating to incentives for executives and future shareholders, for wiping out current shareholders at the most troubled banks. But that won't pay for anything - the shareholders simply don't have much more value to cough up. Same goes for those who work in the business. Many have lost their job and life savings, and most have seen their salary cut. Yes, there have been...
...first Asian branch of an international chain with outlets everywhere from Paris and Cairo to Kiev and Sao Paulo. But on March 10, the Jakarta Legislative Council ordered the nightspot shuttered because its use of religious iconography could be considered offensive to Buddhists. In addition to its religiously inspired name, the restaurant's dining area is dominated by a giant Buddha sitting in the lotus position...
...public sphere, too. In early March, Buddhist students armed with nothing more menacing than joss sticks staged a protest against the Buddha Bar. They argued that a place called Muhammad Bar or Jesus Christ Bar would hardly meet with approval. The students demanded that the hotspot's name be changed, something the Jakarta Legislative Council has agreed must be a prerequisite for the Buddha Bar to reopen. At the same time, Indonesian Corruption Watch, a local NGO, has raised questions about whether the dining lounge, which is located in a Dutch colonial building that was restored with public funds...
...Zapatero's first move after taking office was to pull Spain's troops out of Iraq - a measure that was one of the major planks of his campaign platform, but which his opponents interpreted as capitulation to al-Qaeda's demands. In an effort to both clear its own name and, no doubt, undermine support for the Socialists, the PP continued to insist that ETA had a hand in the attacks, and that the government was covering it up. (See pictures of al-Qaeda...