Word: stripping
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Anger among Bank of America investors about the Merrill Lynch deal has been brewing for months. In April, shareholders voted to strip Lewis of the title of chairman. Even then, some people predicted Lewis was not long for the bank, but he managed to hold on to his CEO title for six more months...
...Anger over the Merrill Lynch takeover led shareholders to strip Lewis' chairman title in April...
...holiday of Yom Kippur, clashes erupted between Palestinians and Israeli security at the al-Haram al-Sharif compound, which houses the holy al-Aqsa Mosque, in East Jerusalem, reportedly after "immodestly dressed" tourists entered the compound, the third holiest site in Islam. The outrage had repercussions in the Gaza Strip, where the Islamist Hamas government called for fresh demonstrations against Israel...
After some bellicose rhetoric following the Jerusalem clashes, Hamas, which rules the Gaza Strip but is labeled a terrorist organization by the U.S. and E.U., said it is committed to the cease-fire. "After the last war in January, the military wings in the Palestinian factions decided on their own to stop launching rockets, to push the Israeli side to stop their military activities against our people," Taher al-Nounou, a Hamas government spokesman, told TIME. "And I think it's a good policy." But al-Nounou warned that rocket fire from Gaza remains a legitimate response to Israeli offensive...
...recent U.N. report estimates that 1,387 civilians lost their lives, and much of the Gaza Strip's infrastructure was destroyed, in Israel's January invasion. The government and aid groups have been unable to rebuild because of an Israeli blockade that bars the import of cement and other building materials. The U.N.'s Ging says it was local frustration with the blockade - now in place for more than two years - that led to the spike in Hamas rocket fire, which in turn sparked Israeli bombardment in late December 2008 and invading troops on Jan. 4. Now, he warns...