Word: costing
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Dates: during 2000-2009
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...bank financial statements are never that simple: Citi's overall investment-banking earnings were boosted by a $2.5 billion derivatives valuation adjustment "mainly due to the widening of Citi's CDS spreads." In somewhat dumbed-down but still utterly flummoxing language: credit-default swap (CDS) spreads represent the cost of insuring against Citi's default. That cost went up in the quarter as investors fretted about Citi's solvency, so Citi was able to book $2.5 billion in gains. Got that? Without that boost, Citi's $1.6 billion in quarterly profit would have been more than wiped...
...Researchers in the U.S. have proposed focusing on prevention, treatment, and education programs to curb demand rather than continue the war on drugs as is. RAND studies in the ’90s found that channeling money into treatment and prevention would be seven times more cost-effective than law enforcement efforts alone and could potentially cut consumption by a third...
...which was e-mailed to members of the library system by Jeremy Bloxham, dean of science for the Faculty of Arts and Sciences—came five days before Tuesday’s town hall meeting, where FAS Dean Michael D. Smith unveiled a shift from small cost-reduction measures to a sweeping reevaluation of FAS structure in the face of a $220 million deficit. HCL spokeswoman Beth Brainard said the plans for consolidation were “not associated with the budget.” Even before the financial crisis hit Harvard, library officials had been entertaining the idea...
...company, which is a subsidiary of the worldwide public relations and advertising firm WPP Group, based in London. The bills the Clinton campaign ran up included $5 million for the polling that apparently failed to pick up on the public mood. And then there was the cost of sending out 20 million pieces of direct mail, with postage alone reaching $8 million, according to an official for the firm. Many would argue that it was money ill-spent. At a minimum, that big a bill for snail mail suggests that Clinton's campaign was relying heavily on tactics from...
...Aluminum Corporation of China (Chinalco) to mine bauxite ore in Vietnam's Central Highlands. Bauxite is a key ingredient in aluminum, which China needs to fuel its construction industry. Vietnam has an estimated eight billion tons of high-quality bauxite, the third-largest reserves in the world. The environmental cost of extracting the mineral, however, can be high. Strip mining is efficient, but scars the land and bauxite processing releases a toxic red sludge that can seep into water supplies if not adequately contained. Several senior Vietnamese scientists as well as Vietnam's burgeoning green movement have questioned the wisdom...