Word: primed
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Banking problems were at the front of the gauntlet of bad news. The rise in prime mortgage defaults dampened the hopes that the housing market was in the midst of a comeback and the first few companies that have announced earnings have done no better than their gloomy forecasts said that they would. Berkshire Hathaway (BRK) lost its Triple-A rating as GE (GE) did just a few weeks ago. The period of the Fort Knox balance sheet is over in America. As of the Berkshire news, all corporate debt officially carries risk...
...They should see it like a weekend of camping.' SILVIO BERLUSCONI, Italy's Prime Minister, on the thousands of people left homeless by an April 6 earthquake...
...Clint Eastwood films and Hollywood action flicks, Prabhakaran is considered to have practically invented suicide bombers. His "Black Tiger" bombers - almost half of them women - have killed thousands, including former Indian Prime Minister Rajiv Gandhi and Sri Lankan President Ranasunghe Premadasa. The elite Black Sea Tigers perform underwater suicide bombings to sink enemy ships. (Read "A Brief History of the Tamil Tigers...
...between bites of an orange on a balcony in the fabled American Colony Hotel in Jerusalem, Tony Blair, ex-British Prime Minister and current mediator for the Quartet - the United States, Russia, the European Union and the United Nations - in the Israeli-Palestinian conflict, spoke candidly with TIME's Jerusalem bureau chief Tim McGirk about the obstacles to peace. Earlier, Blair had met with Benjamin Netanyahu, the hawkish new Israeli premier, who says he will keep talking peace but left open the question of whether Israel would accept a Palestinian state. "One thing I learned," says Blair, "is that...
Have you found any? Yes, I think the fact that the new Prime Minister [Benjamin Netanyahu] is really clear that he wants economic and security change on the West Bank. That's what we agreed we'd work on with him. There are one or two things that [Netanyahu's] term "economic peace" can mean. One, that economic development is a substitute for state, and that's obviously not acceptable. I personally think he wants the second, to build the [Palestinian] state from the bottom up. I understand and buy into that. It's important for the Israeli government...