Word: acrosse
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...have been a much shorter growth opportunity than Pandit and Citi thought. A few months ago, Verme was reassigned to London (though he has been promoted to ceo of all Citi's business lines across Europe, the Middle East and Africa, and Citi stresses he is "one of its highest ranking executives globally"). Mohammed al-Shroogi, who headed Citi's United Arab Emirates operations, left in September. In late November, Dubai World, which is a for-profit development company controlled by the ruling family of the gulf state, indicated that it may have to default on a portion...
...original version of this story has been updated to reflect Citi's contention that Verme's job change was not a demotion, but a promotion, that Dubai was not a 'financial house of cards,' and that the bank is 'comfortable with [its] investment across all of the UAE.' When TIME originally asked about its operations in Dubai, Citi declined to discuss the situation in detail, or for publication...
...five years later, an English casketmaker named William Banting became famous by pioneering the concept of a low-carbohydrate diet, which helped him lose 50 lb. He published his results in the 1864 "Letter on Corpulence," and the plan became so popular that banting became a synonym for dieting across Britain. (See nine kid foods to avoid...
...Tree, a bushy artificial tree with a giant cross where the trunk should be. And the Colorado-based nonprofit Focus on the Family is continuing its Stand for Christmas campaign to highlight the offenses of Christmas-denying retailers. The campaign was launched, according to its website, because "citizens across the nation were growing dissatisfied with the tendency of corporations to omit references to Christmas from holiday promotions." (See pictures: "Have a Very Ridiculous Christmas...
Last September, when French authorities sent riot police to raze "the Jungle," a makeshift camp near Calais, they made sure plenty of international media were on hand. By closing the camp and dispersing its population of clandestine aliens who were awaiting a chance to sneak across the Channel to Britain, the authorities aimed to provide clear proof of France's determination to battle illegal immigration. But less than three months later - with TV cameras gone - humanitarian workers are struggling to deal with problems that have actually been exacerbated by the raid...