Word: annualized
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...company to the brink of bankruptcy seem to lie not with its core insurance businesses but with its derivatives-trading subsidiary AIG Financial Products. AIG FP, as it's called, merits a mere paragraph in the nine-page description of the company's businesses in its most recent annual report. But it's a huge player in the new and mysterious business of credit-default swaps: derivative securities that allow banks, hedge funds and other financial players to insure against loans gone...
Prior to the official change this summer, Harvard had already started to transition to the single-stream method beginning last year by collecting materials mixed together in a single truck. That practice reduced their annual operational costs by $80,000, according to Gogan...
...nastier set of explosions. When the smoke cleared, more than 100 revelers lay bleeding on the paving stones. The clearly stunned state governor Leonel Godoy, who had moments earlier been presiding over the festivities, declared the attack the work of Mexico's increasingly violent drug gangs. By Tuesday, as annual parades marched somberly through the Mexican cities, at least eight victims of the blast had died from their wounds, and several more were fighting for the lives...
...success of any such moves, though, hinges on a healthy demand for available services. The incredible spread of cell-phone use in Africa offers plenty of encouragement. The continent's mobile market has expanded faster than that of any other region over the past five years, averaging annual growth of almost 65%. Revenue generated by each of Africa's almost 300 million cell-phone users is three times higher than in Bangladesh, India or Pakistan. And users have been quick to exploit devices for commercial gain. Ghana-based TradeNet matches buyers and sellers of crops by circulating details...
Harvard officials announced Friday that the University raked in $651 million in the most recent fiscal year, a number that represents the second largest annual fundraising total in history and is six percent higher than the previous year?...