Word: thursdaying
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...Until late this week. Appearing before a committee of British M.P.s Thursday to explain the Bank's handling of the crisis - the first run on a U.K. lender in living memory - King finally opened up. The Governor, the bank's former chief economist and an academic who's taught at Cambridge, Harvard and MIT, first got wind of problems at Northern Rock on Aug. 14. The Newcastle-based bank - Britain's fifth-largest mortgage provider - leaned heavily on wholesale money markets to fund its own mortgage loans. When those inter-bank markets started to freeze up in recent weeks amid...
...next month. Alistair Darling, the U.K. Chancellor, is expected to show too. Expect the FSA to come in for even more criticism than King, reckons Buik. In the longer term, though, King's banking that the crisis leaves no serious harm done. "Headlines come and headlines go," he said Thursday. "I can't believe and I do not believe that there is any lasting damage to the reputation of the British banking system." After days of silence, at least we know what he thinks...
Like most things of consequence?summit meetings, megamergers, the creation of the latest I-technology?true power shopping takes place in hushed quarters behind closed doors and outside the purview of the average eye. And so on a recent Thursday at the Neiman Marcus store in downtown Dallas, what might have come across as a pristine but lightly traveled main floor was in fact a bustling $4 billion juggernaut in action, the unseen hum of luxury being served up like nowhere else...
...highlighting her critique of the Petraeus testimony, Giuliani has helped Clinton with the segment of the Democratic electorate that is most suspicious of her because of her 2002 vote authorizing force in Iraq (and because of her refusal to call that vote a mistake). For good measure, on Thursday Clinton voted "no" on a bill introduced by Republican Sen. John Cornyn of Texas condemning the original MoveOn ad. The bill passed...
President Bush joined in the Giuliani-led bashing of MoveOn on Thursday, saying the organization's ad criticizing Gen. Petraeus was "disgusting." But as MoveOn executive director Eli Pariser is quick to point out, when it comes to Iraq policy, substantially more Americans side with MoveOn's demand that a deadline be set to withdraw troops than support the general and the President...