Word: primed
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...some degree have an effect that would calm the markets" is all he will admit. BofA can't bail out the Wall Street banks, which have been busy trying to save themselves after absorbing some $100 billion in losses. Citigroup, reeling under the weight of its own sub-prime damage, announced a $9.8 billion loss for the fourth quarter of 2007, forcing it to seek $12.5 billion in new capital from investors including sovereign wealth funds run by Kuwait and Singapore. Merrill Lynch was also combing the world for cash in the face of yet another write-down, expected...
...premier homes have been unaffected, realtors say. According to Knight Frank, demand for homes in neighborhoods such as Belgravia, where Russian billionaire Roman Abramovich lives, Knightsbridge, the home of Harrods, and Mayfair, where the black-Amex set get their suits made at Savile Row, pushed the prices of prime real estate up by almost 40% between the summer of 2006 and summer 2007. In 2006, almost a quarter of properties costing $16 million or more sold through Knight Frank went to Russians; Middle Easterners bought 16%. "If somebody wants to live on Belgravia's Eaton Square, there are only...
...technologies. And several leading ministers have made clear that they are now in no rush to complete negotiations. "It is not a race against time. The essential thing is to get what we want from the negotiation, for the Polish as well as the Czech sides," explained Poland's Prime Minister Donald Tusk, speaking alongside his Czech counterpart, Mirek Topolanek, on the eve of Klich's trip to Washington. Polish Foreign Minister Radek Sikorski has said he does not expect talks to conclude until after November's U.S. elections...
...spite of the region’s tragic history, there may yet be hope on the horizon. In the past two months Israeli Prime Minister Ehud Olmert and Palestinian President Mahmoud Abbas have committed to a two-state solution where Israel and Palestine could co-exist peacefully. Since then, the pressure to engage in a new peace process has been applied by President Bush during his first visit to Israel as president. While it is all too possible that this latest process will also be unsuccessful, a continual push toward peace is necessary, and a two-state solution...
...Syria and Iran. Washington has certainly made some powerful enemies in the course of Lebanon's recent upheavals: it used its influence in the U.N. Security Council to help expel Syrian troops from Lebanon in 2005, backed Israel in the 2006 summer war against Hizballah, supported the government of Prime Minister Fouad Siniora in the face of massive opposition demonstrations, and accused Syria of masterminding the string of bombings and assassinations plaguing the country for over three years...