English Language FAQ

A run on a bank is when a large number of customers withdraw their funds simultaneously. If a run on a bank gains momentum it can quickly 'fail' or go out of business, as  happened with Lehman Brothers in 2008. This is what George (James Stewart) is trying to prevent in the famous scene (above) from 'It's a Wonderful Life'. With institutions that are 'too big too fail' (see The Royal Bank of Scotland) a government or international financial organisation may rescue the bank by either taking it over or injecting huge amounts of cash. This can prove ruinously expensive (see the current situation with the Spanish banks). How do you stop a bank run? With great difficulty. The traditional remedies are: a) delay -  ....the bank is going to open again next week ... the key requirement is to 'buy time' to organise refinancing. This means slowing down the rate at which customers can withdraw their funds. At the end of the scene above George agrees to r

When economists talk about fiscal policy they are referring to raising and spending taxes. Monetary policy is what central banks do to control the amount of money in an economy. Normally they do this either raising/lowering interest rates. Raising interest rates restricts the amount of money circulating and should reduce inflation. Lowering interest rates encourages expenditure as there is more money available. But as everyone know these are not 'normal' economic times. Interest rates in the advanced western economies have fallen to close to zero - but the recovery remains this. To counter this some central banks have introduced something called quantative easing .  Put simply means pushing more money directly into the economy via the banks - see here for more details.

Not from the accommodation arrangements on ships to India as is commonly claimed. The story goes that the more well-to-do passengers on ships travelling between England and India used to have POSH written against their bookings, standing for 'Port Out, Starboard Home' (indicating the more desirable cabins, on the shady side of the ship). Unfortunately, this story did not make its appearance until the 1930s, by which time the term had already been in use for some twenty years. Added to this, the word does not appear to have been recorded in the form 'P.O.S.H.', which would be expected if it had started life as an abbreviation. ( Source ) A more likely source is the 1890s slang word for a dandy, but there is no agreement about origin.

A partial shortlist below: Humphrey Bogart   Casablanca (1942) "I think this is the beginning of a beautiful friendship" Renee Zellweger   Jerry Maguire (1996) "You had me at hello" Clarke Gable   Gone with the Wind (1939) "Frankly my dear, I don't give a damn" Arnold Schwarzenegger   Terminator II (1992) "Hasta la vista, baby" Gloria Swanson   Sunset Boulevard (1950) "I'm ready for my close-up" But what makes these lines so memorable? Researchers at Cornell University think they have 'created a computer program to break down the formula behind some of cinema's most enduring lines'.  Hasn't this 'formula' alway been the elusive holy grail for Hollywood? Disney hired top screenwriters for their epic John Carter - only to end up with one of the most expensive flops of all time. In contrast Casablanca was famously chaotic in its development, with actors going into celebrated

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Because they exercise their brains more - at least according to a recent New York Times article: It forces the brain to resolve internal conflict, giving the mind a workout that strengthens its cognitive muscles. Full article Incidentally, in British English 'smarter' usually refers to personal appearance rather than intelligence. .