Word: systemic
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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...
...clunker's engine, fewer parts are salvageable - which means less profit for the recyclers who process the automobiles. Although 60% of a car's salvage value comes from the engine and drive train, Wilson said the original cash-for-clunkers plan - the formal name is the Car Allowance Rebates System (CARS) - called for the obliteration of both. While the ARA and Congress hashed out a compromise that salvages each automobile's drive train, ruining the engine still kills about 30% of a vehicle's recycling value. For recyclers, who pay upwards of $700 to process each vehicle before they know...
...system works, there's no need for a hybrid," says Mendelson, author of "Closing Guantánamo," a report by the CSIS working group on Gitmo and U.S. detention policies. By trying to create a new facility, the Obama Administration would risk legal challenges and "it would look to others that instead of closing Gitmo, we're just moving...
...Overseas, Nissan is in talks from Scottsdale, Ariz., to Singapore to establish charging networks and promote what it calls "zero-emission mobility." In the U.S., Nissan and its French partner, Renault, are joining forces with Better Place, which is developing a system of EV service stations where battery packs can be quickly replaced instead of recharged, making "fill-ups" no more time-consuming than topping up fuel tanks with gas. Nissan also has a tie with Europcar, a car-rental company, to roll out EVs throughout European countries including France, Germany, Belgium, Spain, Italy and the U.K. from...
...life more in line with rigid Jewish teachings. There is no separation of church and state in Israel, where religious facilities - including those for the Muslim and Christian communities - are funded by the government but controlled by the religious establishment. There is a wary standoff between the state judicial system and the religious courts, leading to increasingly frequent showdowns over cases involving divorce and religious conversion. (Read how opposition to gay rights unites Israel's contentious faiths...