Word: primed
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...option everywhere. Banks have become so big and so leveraged that their balance sheets can exceed the gross domestic product of the country in which they are based. That's the case in Belgium, the Netherlands and a host of smaller countries, including Iceland, where on Oct. 6 the Prime Minister warned about the possibility of a "national bankruptcy" because several banks with assets larger than the country's entire economy ran into trouble. Uncertainties about crisis-management efforts are contributing significantly to the market instability...
...moment, though, the priority remains trying to stabilize a global financial system that has become worryingly volatile. Announcing Britain's plans to recapitalize its major banks and reach out for a broader international solution, Prime Minister Gordon Brown didn't mince words. "This is not a time for conventional thinking or outdated dogma but for the fresh and innovative intervention that gets to the heart of the problem," he said. The big yawn with which global stock markets greeted the move said it all: given the beaten-down state of the financial system and the questions that continue to swirl...
...have been taking to the streets. Robert C. Reddick is one of Harvard Square’s recent victims of homelessness. After years of factory work, including stints at the American Can Company and Bethlehem Steel, Reddick said he found himself out of work due to the recent sub-prime crises. “I had been living with my two sisters,” said Reddick. “Seven months ago, things just got too hard for them, and I had to leave.” Since then, Reddick has been sleeping on park benches, the street...
...whole world became very concerned about the violence in Kenya and wanted a negotiated settlement, because they realized the outcome was not what Kenyans voted for," says Odinga adviser Salim Lone, commenting on Corsi's alleged Obama-Odinga-Islamist nexus. "Raila became Prime Minister because of the view that the unrest would continue. Islam had nothing to do with it, and in any event, the violence in Muslim areas was minimal as compared to the others. It has absolutely no basis in fact...
...broad Kenyan support for Obama, whose father was a Kenyan and who has several half-siblings here. While there is animosity between Luos and Kikuyus - and the tribes were responsible for much of the postelection violence - Obama is immensely popular across ethnic lines in Kenya. Ever since Odinga became Prime Minister in a power-sharing agreement with Kibaki, his own approval ratings have soared...