Word: saws
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...measure of the havoc wreaked on the world's banking system in recent months that the words chosen by bank bosses to convey the health of their business have lost all relative meaning. Victor Blank, chairman of Lloyds Banking Group, saw "exciting prospects for the group" in its first-half results unveiled Wednesday, Aug. 5. Northern Rock "is making progress," chief executive Gary Hoffman said of the British bank's half-year results announced a day earlier. "Our first-half performance," Barclays boss John Varley reckoned the day before that, was "a good start." At HSBC, chief exec Michael Geoghegan...
...good" news is that the worst of the problem is fairly concentrated geographically. Places where house prices have fallen the most have been hit the worst. That includes states that saw the wildest speculation and overbuilding - like California, Florida, Arizona and Nevada - and those that have been gutted the worst economically, such as Ohio and Michigan...
...remarkable degree of independence from political meddling. "If you look at what she's done since taking her job, you realize Anne Lauvergeon had the drive, creativity and vision to assemble all these parts into a single unit to be ready for a nuclear renaissance that she saw coming," says Ben Elias, research analyst for Sterne, Agee & Leach in New York. "There are very few CEOs in her league...
...inquiry, at others distancing himself from the opposition movement and railing against foreign interference. The President requires approval of his Cabinet picks from parliament, and also needs the legislature's cooperation in passing new laws. And he is far from guaranteed the support of a majority. Some Iran watchers saw the Aug. 3 comment by Ahmadinejad that he would "invite all for active participation and planning" as a signal that he may seek to pick a more inclusive Cabinet in order to defuse tensions. (Watch TIME's video "An Iranian Protest March in Paris...
...unseat him just yet. Instead, they'll seek to tie his hands. But there is a move afoot at the conference to take down Abbas' national-security adviser, the Bush Administration's favorite strongman, Mohammed Dahlan. The conference will hear proposals for an investigation into the events that saw Hamas eject Fatah forces and take control of Gaza by force in 2007 - with many blaming Dahlan for having at least partly provoked the takeover. Demanding an inquiry and targeting one of his key allies is seen as another means of weakening Abbas' authority. A second target will be Prime Minister...