Word: scotland
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Europe's banks are in much worse shape, with a ratio of 40.5. They must either sell $9.7 trillion in assets or raise $485 billion in capital to bring leverage down to 20. The Royal Bank of Scotland (estimated leverage: 39.3) has already started slimming down. It recently put its retail and commercial businesses in Asia on the block. New CEO Stephen Hester has announced plans to create a subsidiary that will hold about $477 billion of the bank's assets that are earmarked for disposal...
...from The Wealth of Nations regarding government intervention in capitalism. When asked by the waiter for his order, the eccentric Smith replies with a knowing smile: perseverance. But it is plausible that the confusion of our economic meltdown would lead to restless nights for the absent-minded professor from Scotland...
Your 100 movers and shakers are left-field fixtures if you leave out organized religion. No room for Benedict XVI, the Dalai Lama or Ned Flanders? Joseph Kelly, GLASGOW, SCOTLAND...
...They have been a couple since that January and will wed next June outside of Richmond, Va., after they each complete their first year of graduate school. In over three years of dating, Mims and Crocker have studied abroad together for a semester in St. Andrew’s, Scotland, and spent three long days crabbing and taught themselves how to shuck crabs. And, the two claim they make a fierce Beirut team. Mims has not one but two engagement rings. When Crocker asked for her parents’ permission over the summer, they told him to ask them again...
...Saturday night - just ask the nation's beleaguered police. Yesterday evening, pubs and clubs fell silent as 20 million people tuned in to a TV show to see a question of global significance finally resolved. The final of Britain's Got Talent wasn't just about whether Susan Boyle - Scotland's least processed export since steel-cut porridge oats - would triumph. Nor were viewers drawn simply by the lure of car-crash television amid frenzied media speculation that Boyle or some other vulnerable contestant might crack on camera. The BGT final was nothing short of a referendum on Britain...