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...Still, as the recession drags on, the odds are increasing that more of StanChart's borrowers will struggle to pay back their loans. The bank's nonperforming loans were up 30% in 2008 compared with the previous year. Even though some Asian economies, chiefly China and India, appear to have passed through the worst of the downturn, analysts still doubt StanChart can repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest...
ASTRONAUTS to appear in Louis Vuitton ads. NASA demands Takashi Murakami space suits...
...though, it was Zelaya's opponents who appear to have become unhinged. Technically - before Sunday, anyway - Honduras' Justices and generals could claim they held the legal high ground: Zelaya was, after all, blatantly defying a high-court ruling, as well as his legislature and attorney general. He was, they could argue, behaving like the populist caudillo his opponents warned he wanted to be. But their violent Sunday-morning response has made them look like the Latin oligarch lackeys of old - and has in fact lent credence to Zelaya's suggestion that they were indeed just defending a constitution fashioned exclusively...
...ubiquitous a media sensation was Fawcett in that year of grace that she was written into magazine pieces on utterly unrelated topics. A June 1977 TIME cover story on the health boom began with this larkish "BULLETIN: Noted Physical Fitness Enthusiast Farrah Fawcett-Majors will appear in the tenth, 20th and 30th paragraphs of this article, jogging nude around the Central Park Reservoir, pausing every 50 yards to give a demonstration of rope-skipping. Aerobics points will be awarded to readers." The same summer, New Times magazine put her on the cover with the tagline: Absolutely Nothing in This Issue...
...Earth and still harbors ice and perhaps liquid water. The moon is thought to have water locked in permafrost at its poles. Jupiter's moon Europa is probably home to a globe-girdling ocean beneath a thin rind of ice, and its Jovian sisters Callisto and Ganymede appear to be icy and wet too. Now, according to new findings by the Cassini spacecraft, one more name can be added to the list of water worlds: Enceladus, a small moon orbiting Saturn. What's more, Enceladus' water might be unusually hospitable to the emergence of life. (See the 50 highs...