Word: subs
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...More evidence of Africa turning the corner came Monday, in the form of the Mo Ibrahim Foundation's finding that governance is improving in 31 out of 48 sub-Saharan African countries. Even more astonishing, the measure of good governance showing most improvement, on a continent notorious for tyrants and bloodshed, was human rights. "Obscured by many of the headlines of the past few months, the real story coming out of Africa is that governance performance across a large majority of African countries is improving," said Ibrahim, the billionaire boss of Celtel, a pan-African mobile phone giant...
...band when genres like pop and rap generally stand at the forefront. Last year, Blitzen Trapper, the energetic yet pensive Portland-based sextet, garnered recognition for their single “Wild Mountain Nation” from their third album of the same name. After signing last summer with Sub Pop Records, Trapper seems right at home with their record label, as their fourth album “Furr” showcases their talent well.Influenced heavily by nature and their own spirituality, Trapper creates interesting tunes through light guitar chords and multiple keyboards, offering a sound reminiscent of Neil Young...
...money going to the wrong people/institutions? Why should the money go to these institutions instead of homeowners or banks who hold the sub-prime mortgages? A lot of the money would go to banks that hold sub-prime mortgages. Getting it to homeowners is a more complicated proposition. Would you just give the money to people struggling with their mortgages? How much would you give them? For how long...
...Free World, since the ones already onstage were falling flat on their faces. It made for a sickening spectacle, watching the firefighters argue over the diameter of the hose as the house burned down around us. And President Bush, in a final countdown to oblivion and with sub-basement approval ratings, was hardly in a position to rally the public behind a plan that violated every economic and political principle he's ever espoused...
...Ramirez, analyst at investment bank Keefe, Bruyette & Woods in London. "It's quite simple, quite traditional." Focused on retail banking, with limited investment banking operations, and with a long-buoyant domestic market to lean on, Santander side-stepped the toxic assets caught up in the collapse of the U.S. sub-prime mortgage market. Enjoying "good growth at home, they were never in the need of chasing growth in these kind of exotic instruments," says Ramirez. Santander's strategy - mirrored at rival Spanish lenders - owes much to the country's regulators. The Bank of Spain, which scrutinizes lenders in the country...