Word: fitched
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...bank stocks?sent the Nikkei average to its lowest level in 19 years on Sept. 3. That's a big problem for the banks, because they hold mountains of shares in Japanese firms. As their value evaporates, so do bank assets, ultimately threatening solvency. According to Brett Hemsley of Fitch Ratings in Tokyo, if stocks drop about another 11%, the shakiest institutions will risk breaching a key requirement for how much capital they need to maintain...
...prevent billions of dollars of oil and mining payments from being stolen in developing countries each year. The campaign will push for increased transparency on royalty payments. The Rating Game Goldman Sachs became the first major bank to contest the downgrades of Japan's credit rating by Moody's, Fitch and Standard & Poor's. Goldman Sachs said Japan is not a default risk and deserves an Aaa rating instead of A2, which places it below Botswana. BOTTOM LINES "A hedgehog could have crossed any major road in relative safety." Rob Maynard, Royal Automobile Club spokesman, on the absence...
...Baskin Robbins that appeared in the movie disappeared. The past four years also saw the demise of that favorite first-year hangout, the Crimson Sports Grille, yuppie Grafton Street, and the pan-Asian restaurant Ma Soba. In the mean time, the Square has witnessed the arrival of Abercrombie & Fitch, Pacific Sunwear, Daedalus and Peet’s Coffee House. Soon Harvard Square will see the phoenix-like reappearance of Grafton Street, but not, unfortunately, before graduation...
...Brits' intentions are clear. The two companies took pains to win the confidence of credit-rating agencies: Standard & Poor's, Moody's and Fitch all affirmed their A-rated debt. And in announcing the merger, National Grid CEO Roger Urwin said he plans to "deploy the combined resources and financial capacity of National Grid Transco [the merged company] to take advantage of opportunities in the liberalizing energy markets abroad, in particular extending National Grid's successful U.S. strategy." Half the company's profits already come from the U.S., thanks to three utilities it owns in the Northeast, including Niagara Mohawk...
...campus before you turn twenty-one (ah, blessed day), the ruined faces of 5 a.m. computer lab-frequenters, the Lampoon (still not funny, people), the glum, interminable, yet snowless winters, the price of books at the Coop, the price of everything in the Square, the existence of Abercrombie and Fitch, the word ‘discourse’ and yes, even now, Cornel West...