Word: expectance
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...offer as "stern." For the swap to take place 90% of the bondholders must accept the offer. If that percentage is not met, GM will file bankruptcy. Many Wall Streeters believe the prospects for such a major swap of GM stock for debt are dubious since bondholders expect to fare better in bankruptcy. Some bondholders are said to have positioned themselves for a bankruptcy filing by buying credit default swaps, which would pay off if GM filed for Chapter...
...recently traveled to Mexico - a woman in Kansas got sick after her husband returned from a business trip in that country, where he became ill - but that could change as more intensive disease surveillance begins. "As we continue to look for more cases, I expect we're going to find them," said acting Centers for Disease Control (CDC) director Richard Besser...
...Some of the difference may be due to the fact that Mexico has apparently been grappling with swine flu for weeks longer than the U.S. As doctors across the U.S. begin checking patients with respiratory symptoms for swine flu, CDC officials expect to see more severe cases in the U.S. as well - and as better epidemiological work is done in Mexico, we'll probably hear about more mild cases there too. Right now, however, the true severity of the H1N1 swine flu virus is still an open question, whose answer could change over time. The 1918 Spanish flu pandemic began...
...same 65-million-year depth, the geologic record reveals that a thin layer of iridium was deposited pretty much everywhere in the world. Iridium is an element that's rare on Earth but common in asteroids, and a fine global dusting of the stuff is precisely what you'd expect to find if an asteroid struck the ground, vaporized on impact and eventually rained its remains back down. Below that iridium layer, the fossil record shows that a riot of species was thriving; above it, 65% of them went suddenly missing. (Read about China's dinosaur fossils...
...That doesn't mean we should expect Asian nations to immediately start shooting wars over access to the Mekong or the Yalu - though all bets are off if climate change leads to the loss of the Himalayan glaciers whose seasonal melt provides water for billions in Asia. In fact, the history of cross-border water disputes has been surprisingly conciliatory so far. India and Pakistan have fought three wars and currently point nuclear weapons at each other, yet the Indus Waters Treaty - which divvies up the two countries' trans-boundary waterways, overseen by a joint commission - has survived for decades...