Word: chunk
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Dates: during 2000-2009
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...years old - "was a darling of the stock market," says Howard Wheeldon, senior strategist at BGC Partners in London. "It was perceived as a good growth stock with a good model." Its approach: a limited branch network meant savings chipped in by its own customers amounted to a smaller chunk of the funds it could lend in the form of mortgages. So the company turned instead to other banks for cash. The result: three-quarters of its funds were borrowed from the wholesale credit markets, versus around half at rival mortgage bank Alliance & Leicester and 25% at Bradford & Bingley...
Back in the late 1970s, the National Enquirer ran this screaming front-page headline: "DID A REAL-LIFE STAR WARS CREATE HUGE HOLE IN SPACE?" There was a grain of truth behind the nonsense, believe it or not. Astronomers had just found a chunk of the universe that seemed weirdly empty - no galaxies, no clouds of gas, no nothing. In the decades since, they've found lots more. The universe, we now know, resembles a cosmic Swiss cheese, with galaxies organized into sheets and filaments surrounding mostly empty spaces. And while it was surprising at first, theorists have explained pretty...
...supermarket in northeastern Beijing with a salted egg in hand. Kong, her husband and 18-year-old son live on just 2,000 renminbi ($260) a month, and over the first half of this year, she has seen the price of groceries take a bigger and bigger chunk of the couple's fixed income. What was a 300 renminbi ($40) monthly bill is now 500 renminbi ($66) and prices are still rising. Hence the salted egg, which Kong is buying instead of meat. "We are still able to afford food," she says. "But if prices keep going up, I think...
...breed of financial-service providers--which now include Wal-Mart--that aim to marry the convenience of a check casher with the relative security of a bank. By offering lower basic check-cashing fees along with debit cards and reasonably priced consumer loans, these businesses hope to pocket a chunk of the more than $10 billion in fees that check cashers, payday loaners and pawn shops collect each year. Long ignored by traditional financial institutions, the unbanked get their modest earnings shaved even thinner by the high fees they pay simply to cash their paychecks. That's beginning to change...
...Despite that setback, RBS maintained its interest. Moreover, increasing the cash component in its latest offer has put RBS ahead, analysts contacted by TIME say. Hedge funds and speculators control a massive chunk of ABN - and pressure from hedge funds for it to increase shareholder value forced ABN into merger talks with Barclays in the first place. They may be keen to hold out for the higher price. "We do not expect the RBS consortium will need to increase its offer, and therefore remains the more likely victor," analysts at Bear, Stearns said in a note published Monday...