Word: royalism
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...would suffer its first annual operating loss in the company's 70 years. The carmaker also plans to suspend production at all 12 of its Japanese factories for 11 days in February because consumers worldwide aren't buying. Masafumi Yamamoto, head of foreign-exchange strategy for Japan at Royal Bank of Scotland, says a 10% appreciation of the yen slashes the GDP growth rate by 0.3 to 0.4 percentage points...
...that for another 50 years, until we forget about this mistake. All of the people who were running central banks allowed the financial system to become so large and leverage to become so pervasive. That they allowed banks in Iceland to become 850% of GDP is crazy. The Royal Bank of Scotland had the largest balance sheet in the world for a while. That made no sense...
Merckle's investment company, VEM, owes banks €5 billion. For the past two months, Merckle had been entrenched in negotiations with some 40 banks, including Commerzbank AG, Deutsche Bank AG, Royal Bank of Scotland Group PLC and public bank Landesbank Baden-Wüerttemberg, to get a bridge loan to keep VEM afloat...
...authorities had blocked 2,300 websites. Their alleged offenses? No, not images of skimpily clad women of the kind that can be found in any one of Bangkok's ubiquitous entertainment districts. Instead, these websites were banned because of material that was deemed insulting to the country's beloved royal family...
...administration of Prime Minister Abhisit Vejjajiva seems, if anything, more determined to protect Thailand's monarchy from criticism. Thailand's military appears to share a similar mission. Late last month, army chief Anupong Paochinda reiterated that it was the military's duty to protect the royal institution and ordered his men to report any possible instances of lèse-majesté, according to local news reports. Anupong also urged battalion commanders to comb the Internet for antimonarchy material. With the military now on the case, Thailand's Internet war room just got a lot more ammunition...