Word: cuttingly
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...case at Abbey. "This is the kind of sophisticated information JPMorgan still didn't have, and I saw it at a Santander branch in Chile," says Davide Serra, head of the U.K.'s Algebris hedge fund. The system facilitates cross-selling to existing customers while allowing Santander to cut back-office staff drastically (Santander never cuts the flesh pressers out front). In Abbey's case, total employees dropped from 25,331 to 16,489, while costs have come down from 70% of income to around 40%, in line with Santander's overall cost-to-income ratio. The average cost...
...while initiatives to provide insecticide-treated bed nets and other control measures have cut malaria rates in half in some countries, the disease is adapting, and insecticide-resistant and treatment-resistant strains are increasingly problematic. And the worldwide recession is reducing the funding available to keep malaria-control initiatives going. As a new avenue of attack, the PATH Malaria Vaccine Initiative (MVI) - which is funded by the Bill & Melinda Gates Foundation - on Friday, Jan. 15, announced a collaboration with the Johns Hopkins Bloomberg School of Public Health and the Sabin Vaccine Institute to create a whole new kind of malaria...
...While the shootings were the apparent spark of the riots, the global economic downturn was a more distant cause. With budgets tightening, the E.U. cut its aid to southern Italian farmers, reducing the need for manual labor. "The Mafia wants to earn the same profits, and the workers are becoming a burden," Saviano says. Authorities have also turned a blind eye to their problems. Rather than increase social services or workplace regulations, Prime Minister Silvio Berlusconi's administration has taken an increasingly popular anti-immigrant stance. About 1,000 of the African migrants in Rosarno were carted off to detention...
...then further warm the atmosphere, releasing more methane and continuing in a dangerous feedback cycle. But if we're going to prevent that from happening, we're going to have to find a way other than reducing methane emissions from wetlands. Global food requirements mean that we can't cut back seriously on rice paddy cultivation, and wetlands are far too important to the environment as groundwater filters and buffers against coastal floods. "I just don't see any way to control methane emissions from wetlands," says Palmer. Instead, we'll need to focus on methane emissions from man-made...
...when the temperature read 25°F (-4°C), Kyle yanked an early-season orange from a tree. He sliced the top third and the juice ran freely, making him think they may have squeaked through another night. But with a second cut through the middle, Kyle shook his head. "This is not good," he said, running his knife through slush, as it's called in the industry...