Word: primed
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Consider that the average yield on a one-year CD is 2.39%, the same as it was in mid-August, according to a weekly survey by Bankrate.com, even though the prime rate - the rate at which banks lend to their most creditworthy customers - has fallen from 5% to 4%. That means a bank that used to borrow at about 2.5% and lend at 5% now borrows at 2.5% and lends at 4% - an entire percentage point has been stripped from the bank's ability to make money. More than half of all banks saw their net interest margin - a measure...
...producer and celebrity more than a wit, Frost quickly antagonized some of the major funnymen of his generation. Peter Cook, of the Beyond the Fringe comedy quartet, called him "the bubonic plagiarist" for performing a similar impression of Prime Minister Harold Macmillan similar to Cook's at Cambridge. Many of the Monty Python troupe had worked for Frost on earlier shows, and in the sketch "Timmy Williams Coffee Time" Eric Idle played Frost as a gladhander preening for TV crews while ignoring the plaints of a recently widowed friend. Pythonite John Cleese, on the radio show I'm Sorry...
...Hebron events are unlikely to affect the outcome of Israel's election in February. Polls show conservative Likud Party candidate and former Prime Minister Benjamin Netanyahu holding a solid lead over acting Prime Minister Tzipi Livni, with Defense Minister Ehud Barak - who ordered the Hebron raid on the same day his Labor Party held its primary election - running a very distant third. But their impact on other players in the West Bank may be profound: the actions of the Hilltop Youth were condemned and strongly discouraged by the long-established settler leadership of the Yesha Council, who recognized that young...
...assailants were taking on the "Jews and crusaders" of al-Qaeda lore. If it turns out that the massacre in Mumbai was planned in or directed from Pakistani territory, the consequences for Pakistan are bound to be severe. In such circumstances, there would be a "cost" to "our neighbors," Prime Minister Singh said, and India would be likely to find sympathy and practical support from the countries of these other victims...
...Islamabad's response to India's call for the chief of Pakistan's Inter Services Intelligence (ISI) organization to visit India to assist the investigation. The ISI is an arm of the Pakistani military that has long cultivated jihadist groups ranging from the Taliban to Lashkar e-Toiba (LeT), prime suspect in the Mumbai massacre. Pakistan's government immediately announced that Lieutenant General Ahmed Shujaa Pasha would fly to India to comply with New Delhi's request. A day later, however, Pakistan changed its tune - reportedly following a midnight meeting between army chief General Ashfaq Kiyani, on one side...