Word: coughings
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...returns, Sands avoided toxic assets that got its competitors into trouble. Sands became even more cautious as the U.S. housing bubble began unraveling in 2007. Some risky borrowers - such as low-margin Asian exporters, which have been hit hard by the collapse of U.S. consumer spending - were asked to cough up more collateral when renegotiating loans, while other marginal customers were denied further credit. To strengthen the bank's financial position even more, Sands raised $2.7 billion in capital through a December share sale, raising the bank's key "tier one" capital ratio to 10.1%. (An 8% ratio is considered...
...were canceled. At the Riviera Nayarit, hotel occupancy in May plummeted to 33%, compared with 70% in the same month of 2008. In some other resorts, it was down to single figures. And most of the visitors who came were Mexicans, not foreigners. "It was like first getting a cough and then getting hit over the head with a shovel," says Marc Murphy, director of the Riviera Nayarit tourism board. (See pictures of swine flu in Mexico...
...Traditionally we don’t see this much influenza-like illness this late in the year,” Campbell said, noting that the traditional flu season runs from roughly October through April. H1N1 presents symptoms similar to any other influenza virus, including sore throat, fever, cough, and stuffy nose and is usually tempered by rest and fluids. But because the strain is new, people will likely not have immunity, making symptoms more severe. Campbell said that the illness is not “particularly serious” for the young and healthy, and according...
...same sense of being under siege. President Obama and his election symbolized to us that America no longer wanted it to be "us" versus "them" - it's going to be more inclusive and tolerant. I think right now people are more afraid of a Mexican guy with a cough than an Arab guy. I don't think people love us, but the anger has passed. (Read "Ignoring Arab-Americans...
...response. And Gordon Brown, Britain's already browbeaten Prime Minister, has had the worst of it. In response to publication Tuesday of his party's own profligate claims, Conservative leader David Cameron was quick to sound contrite. Tory MPs, he thundered, "appalled" by the detail, would be made to cough up for "excessive" claims. Rules on what his MPs could and couldn't claim for, he added, would be tightened. A day later, Cameron goaded Brown to "show some leadership" in slashing parliamentarians' generous allowances. "How can we bring about the change this country needs," Cameron asked the Prime Minister...