Word: fractionization
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...with prices remaining at record levels on the world market. That leaves the Iraqi government with a budget surplus this year of roughly $50 billion, which is managed by the Central Bank of Iraq along with the country's other revenues. Yet Iraq has spent only a fraction of its own money on reconstruction. The GAO report found that the Iraqi government spent just $12.2 billion of its capital investment budget in 2007. Iraqi central ministries spent only 11% of their capital investment budgets in 2007, shelling out a relatively small sum of $896 million for reconstruction projects...
...deployed in Monaco and along certain sections of Marseille's coast. Though nets boast near perfect records in protecting bathers from stings, they do nothing to counter the larger jellyfish onslaught. Last year, Cannes shoveled over 11 million tons of the gooey creatures off its beaches - just a tiny fraction of a population that floats away to sting another...
Although $3.5 billion is a huge sum, NBC will foot only a fraction of the total bill. The Blackstone Group, Bain Capital, and NBC will reportedly pay just $600 million each upfront, and finance the balance. The Weather Channel's estimated $175 million annual earnings should help defray the debt...
During his 22-month tenure, El-Erian was tasked with bringing stability to an organization rocked by the 2005 departure of its long-time CEO Jack R. Meyer, who left with a large fraction of HMC's staff amid heated criticism over multimillion dollar compensation packages for him and his top money managers. Meyer and several of his former lieutenants now run the Boston-based hedge fund Convexity Capital Management...
...found that low-income non-white households did not disproportionately leave gentrifying areas. In fact, researchers found that at least one group of residents, high school-educated blacks, were actually more likely to remain in gentrifying neighborhoods than in similar neighborhoods that didn't gentrify - even increasing as a fraction of the neighborhood population, and seeing larger-than-expected gains in income...