Word: result
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...banks, firms and consumers is crucial. Interest rates may be at their lowest since the Bank of England was created more than 300 years ago, and the banking industry may have already received $55 billion in government money, but nervous British lenders are simply not lending enough. The result: British GDP will tumble 2.7% this year, Ernst & Young forecast on Monday, the biggest drop since 1946. "Without additional government intervention," it added, "a deep recession could evolve into a depression...
...like an unseen hand at the tiller, exerting a steady nudge on Bush's instincts. It wasn't absolute, nor did it come into play on every issue. But across a wide spectrum, Cheney's voice was often the last one Bush heard on hard decisions - and as a result, the one that mattered most. Cheney exerted his influence on the selection of key members of Bush's Cabinet (Pentagon boss Rumsfeld and Treasury Secretary Paul O'Neill). He moved early in the Bush transition eight years ago to put his own people at key choke points in the Pentagon...
...Germany's biggest states, a financial center and home to the European Central Bank, puts wind in her sails as she campaigns on behalf of her party and for her own re-election in September. Gerd Langguth, a political scientist and Merkel biographer, says the Hesse result means Merkel's return to the Chancellery is assured. The real question is whether Merkel will be able to form a coalition with the FDP or continue the so-called grand coalition with the left-leaning Social Democrats (SPD), he says. "Merkel believes that it would be easier to deal with the financial...
...result, how the U.S. is perceived in Latin America resonates more robustly with the wider world today. Bush certainly found that out when the international community, in ways rarely seen during the gringo interventionist days of the Cold War, condemned the White House's early backing of the 2002 Venezuela coup. Likewise, good relations with leaders like Brazilian President Luiz Inácio Lula da Silva, perhaps Latin America's most respected head of state today for his smart blend of capitalism and socialism, make a more positive impression in Europe, Asia and Africa...
...example of declaring its own, it may be only days or weeks before the Islamists or any of the myriad militant groups in Gaza decide to take revenge for the Israeli assault and again start firing rockets into southern Israel. And that, judging from Olmert's warning, would result in Israel again pummeling Gaza...