Word: hard-hitting
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...many companies, which simply cannot afford to lose hugely valuable vessels and cargo to seaborne bandits. Indeed, insurance premiums have risen along with the ransom amounts, according to Regester, who estimates that coverage for a single voyage through the Gulf of Aden costs about $20,000. With shipping companies hard-hit by the global downturn, some opt simply to take their chances running the gauntlet of pirates, rather than pay insurance premiums. "I reckon less than 10% of vessels are insured now," says Regester. "K&R policies are considered a luxury." Whether or not they are covered, many companies...
...Mexican economy - dragged down, as it is, by its close ties to that of the U.S. Alfredo Coutino of the Dismal Scientist projected this week that Mexico could contract by 4% to 5% this year, maybe more, which would put its recession in the same bottom tier as other hard-hit economies such as the U.K. and Japan, and rival that seen during Mexico's "tequila crisis" in 1995. (Read a brief history of the U.S.'s war on drugs...
...which will be made up Tuesday at 2 p.m.YALE 4, HARVARD 2For the second consecutive game, Harvard headed into the last inning with an uphill battle to face. Her team trailing, 4-0, junior Melissa Schellberg, who is also a Crimson sports editor, led off the inning with a hard-hit ball down the third-base line. Junior Jennifer Francis followed with a triple, knocking in Schellberg and knocking out the Bulldog’s starting pitcher. The run was Harvard’s first of the game.The situation got interesting when, with one out, sophomore Emily Henderson bunted home...
...gunned down at home by Crimson senior right fielder Tom Stack-Babich to send the game into last licks.Down to its final three outs and facing a one-run deficit, Harvard seemed poised for another rally in the bottom of the ninth when Stack-Babich led off with a hard-hit single to right center and advanced to second on an error by the Holy Cross centerfielder. But the Crimson quickly racked up two outs on a pop-up and a strikeout, and after Stack-Babich reached third on a wild pitch and sophomore Dillon O’Neill walked...
...amid all that carnage, there's celebration too. The industry as a whole may be reeling from bad loans and investments, but start-ups like Reunion don't have to wrestle with those problems. Entrepreneurs like Sleaford, even in hard-hit Florida, are setting up shop with completely clean balance sheets. They've got millions of dollars in fresh capital to write loans - and to pursue borrowers cast aside by banks focused on mopping up the mess from the years of excess. "New banks see people having a tough time getting loans, plus their funding costs are cheap since rates...