Word: royalities
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...Americans can also look at the choices made by the U.K. to salvage its credit system. Large banks there are being effectively bought out by the government as the U.K. attempts to put a firewall around huge losses from toxic assets. The Royal Bank of Scotland (RBS) is already 70% owned by the government and management's kilts have been repossessed. (See pictures of the financial crisis in London...
...other words: further nationalizations. Three months after it pumped $30 billion in emergency capital into the beleaguered Royal Bank of Scotland, the government on Monday upped its stake in the bank to almost 70% in order to help boost its lending capability. The timing could hardly have been worse: the bank announced on Monday that its losses for 2008 could be as high as $41 billion - by some stretch the biggest loss in British corporate history. Much of that loss is due to RBS's ill-timed acquisition of Dutch lender ABN Amro in 2007. "Yes, I'm angry...
...true that laws designed to protect women have failed to end certain problems. Women's status is eroded by long absences from work, for instance; women still earn less than men - about 20% in Germany, Britain and the U.S. Socialist politician Ségolène Royal, mother of four, told the Journal du Dimanche that she took only two weeks' maternity leave while she was Minister of the Environment in 1992, because she "feared being sidelined...
...There is a convention that the principal heir should be kept away from real danger. As the 'spare' rather than the heir, Harry is expected by the royal family to take the ultimate military risks." - Robert Lacey, royal biographer, Washington Post...
...Harry fought Taliban forces in Afghanistan for 77 days, making him the first member of the Royal Family to serve in a combat zone since his uncle, Prince Andrew, flew helicopters during the Falklands War. The British military tried to keep Harry's presence a secret out of concern for his safety - going so far as to broker a "blackout" deal with the British media, who promised not to reveal the prince's location - but the The Drudge Report and other foreign media outlets revealed the information, forcing his commanders to pull him from duty in early...