Word: royalities
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...Ironically, the troubled non-Canadian institutions that received capital injections and loan guarantees in other countries now carry a government seal of approval that tilts the playing field in their favor when it comes to borrowing. That leaves Canada's big banks, including Scotiabank, TD Bank Financial Group, RBC Royal Bank and CIBC, at a competitive disadvantage. So the government acted to level the field, not to aid troubled banks. (See pictures of the global financial crisis...
There is, of course, a flip side to Canada's regulatory system. When the global economy was flying high, Canadian banks complained about not being allowed to merge to become more significant international players. "In hindsight, that decision may have saved Canada from having a Royal Bank of Scotland on its hands," says Lawrence Booth, a finance specialist at the University of Toronto's Rotman School of Management, referring to the overly ambitious bank's bailout earlier this month by the British government...
...years to come. "I think in a decade, we'll be looking back at this moment and saying, 'This was it. This was when things really changed and China's economy transitioned from externally, export-oriented to an internal focus,'" says Ben Simpfendorfer, a China economist with the Royal Bank of Scotland in Hong Kong. He Liping, a professor of economics at Peking University, agrees. "I personally see this crisis as an opportunity to reduce our dependence on export and adopt a healthier path," he says...
...vessel.” Inspired by the thinness of human skin, Odundo explained the physical lightness of her pottery, admitting that the practicality of moving her vessels also plays a role in her creative process. “[The pieces] are very light, and when I went to the Royal College, I deliberately wanted to overcome the transportation issues of large pieces,” she explained. “The walls of pieces don’t have to be that thick. I used a ‘pull and pinch’ method.” Professor Blier...
...Street without breaking a sweat. In the green room of a London TV studio, David Lammy, Minister for Higher Education and one of Britain's most prominent black politicians, watched mute and damp-eyed as Obama's family joined him onstage at Grant Park. "There are two families: the royal family and this one," said Lammy finally. "This is going to transform the world's perceptions of America...