Word: dropping
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...faced soldiers and .50 caliber machine guns is not the post-card image tourists seek, nor a perception easily changed -unless of course you live in Rosarito. "The military has really made a huge difference," said Kanoa Biondolillo, co-owner of Baja123 real estate. "There's been a huge drop in local extortion, you don't have to bribe the police anymore if they stop you. I've never felt safer...
...Cabos is Mexico's top spot for private jet traffic, but this year there's been a 30% drop, officials say. Passenger airline traffic has "softened" too, according to an Alaska Airline's spokeswoman, though no figures were given. Alaska, with the most flights, and other airlines are maintaining their schedules, but are using smaller planes to handle the diminished crowds, according to Ella Messerli, vice president of marketing for Los Cabos Visitors and Convention Bureau...
...purpose of the government's stress tests of the nation's 19 largest banks is to find out which will need capital. The evaluations are based on several artificial, and, perhaps, unrealistic criteria. One is unemployment reaching 10% and another is a further, sharp drop in real estate values...
...interest margin, a core measure of bank profitability that is the difference between what banks pay to borrow and what they charge to lend. The net interest margin is partly a product of interest rates: banks borrow short term and lend long term, so when long-term interest rates drop below short-term rates (as happened three times in the past 15 years), margins are squeezed. But another big factor has been the rise of nonbank competitors. The barely regulated shadow-banking system of securitization, investment banks and hedge funds took lots of business away from banks. Banks responded...
...House is more than just a building in which she sleeps and eats. The Houses are vibrant intellectual and social communities, and it is concerning to see that they will now have fewer resources with which to enrich a student’s Harvard experience. A 25-percent drop in House spending will have a negative impact on both quality of life and on advising resources within the House—cuts that will go well beyond the loss of luxuries like free refreshments provided at masters’ open houses and study breaks. House masters have said that tutor...