Word: costes
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...much bad news. Citi stock plummeted, dropping 60% over the course of the week, to $3.77 a share. Meanwhile, other parts of the market confirmed Citi's stressed state. The cost of credit-default swaps that protect investors from losing money on Citi's bonds skyrocketed, signaling a lack of confidence in the bank's ability to survive. Bankruptcy rumors circulated, and fears grew that people doing business with Citi - including its retail banking customers - would pull their money. At that point, regulators felt they had no other option but to step...
...possibility of Israel attacking Iran, the sources say; U.S. officials have also cautioned Israelis against launching a ground assault inside the besieged Palestinian territory of Gaza in a bid to stop militants there from firing rockets into southern Israel. Bush Administration officials warn that such an attack could cost many lives and jeopardize the painstaking, thus far futile efforts of U.S. Secretary of State Condoleezza Rice to broker a peace agreement between Israel and the Palestinian Authority...
...undefeated record at home. “I think we’ve just been getting unlucky breaks on the road,” Fraser said. “Last night was just one shift, and that was the only time Colgate had good offense. Untimely mistakes have cost us.”At the start of the game on Saturday night, the Crimson looked ready to reverse that trend. The team came onto the rink looking for the win, and its flying start reflected that drive. “We actually started our game real hard...
...risks of unabated climate change are frightening: A detailed new study from the University of California, Berkeley, predicts that severe warming could cost California alone up to $50 billion annually, due chiefly to weather damage. "We have to have the foresight to avoid this crash," says David Roland-Holst, a professor of economics at Berkeley and the author of the report. The question is: Do Obama - and other world leaders - possess that foresight...
That's going to cost roughly $1 trillion a year for all energy investments. And if we want to increase the share of renewables - and control the growth of greenhouse gas emissions - we'll need to spend an additional $9.3 trillion, if we're aiming to stay below the 2 degree C warming max recommended by the Intergovernmental Panel on Climate Change. (Of course, an increasing number of scientists argue that we need to avoid even that level of warming.) "We would need concerted action from all major emitters," said Nabuo Tanaka, the head...