Word: northerners
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...Still, there may be some cracks in the military's façade. "Than Shwe or senior military leaders might not care about international opinion or the feelings of the people, but some middle- and lower-ranking officers surely do," says Win Min, a Burmese military analyst based in northern Thailand. "These younger officers don't want to be hated by the people for the next 30 years...
...make sure it’s real. Rush the stage at the Bank of America Pavilion and get up close and personal with the iconic Southern rock band. Don’t forget your shades. Sat., Sept. 29 at 7:30 p.m. The Bank of American Pavilion, 290 Northern Avenue, Boston...
...Still, playing by the rules - annoying though that can be sometimes - wouldn't have mattered if Northern Rock customers had believed their savings were safe amid the bedlam. They didn't. Many were aware the U.K.'s industry-funded Financial Services Compensation Scheme only guaranteed deposits up to around $63,000; in the U.S., savers can expect to get back as much as $100,000 should their bank go under. The British scheme, King said, was in desperate need of an overhaul...
...base rate of 5.75%. And it's hardly a jackpot; banks are limited in how much they can draw on. The cash boost, says David Buik at BGC Partners in London, is "purely symbolic." Besides, Buik says, how much help the funds would have been to a beleaguered Northern Rock is something "we'll never know...
...thing we do: the fallout from the Northern Rock crisis will flush more than just King out into the open. While it falls to the Bank of England to shore up stability in the country's banking sector, it's the job of the Financial Services Authority (FSA) to supervise individual banks. Callum McCarthy, the regulator's chairman, and CEO Hector Sants are now set to appear in front of the parliamentary committee next month. Alistair Darling, the U.K. Chancellor, is expected to show too. Expect the FSA to come in for even more criticism than King, reckons Buik...