Word: heartburns
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...Mozilo may have led Countrywide over the subprime cliff, but he also constructed a formidable mortgage machine - 1,000 offices in 49 states responsible for 9 million loans worth about $1.5 trillion. Lewis had to figure out whether acquiring it would be worth the legal heartburn, including a shareholders' lawsuit accusing Countrywide's board of improperly helping company executives buy stock. (The Securities and Exchange Commission is investigating Mozilo's trading activity in Countrywide stock.) In California, some borrowers allege that Countrywide lenders steered them into subprime loans even though they could have qualified for better terms. And the city...
...this year's extraordinary pace of IPOs in China signal a sea change - a year that marks financial leadership in greater China moving from Hong Kong to the mainland? That thought, when the PwC forecast came out on July 4, was definitely giving western investment banks in Hong Kong heartburn, because China still maintains strict limits on their ability to underwrite deals on mainland markets. They probably needn't worry too much, at least not yet. "Hong Kong is still an international market, and the mainland markets aren't, and won't be anytime soon," says Sun. "That's still...
That sort of talk gives heartburn to E.U. officials and statisticians across Europe because they say it's largely unfounded. Indeed, since 2002, inflation has been rising faster in Britain, which kept its own currency, than in countries that switched to the euro. True, the cost of some everyday items has gone up, at times quite sharply. The German statistics office, for example, has calculated that, since 2000, the price of a man's haircut has risen 7%, a breakfast roll is up 13% while tram tickets are 17% more costly. In France, a cup of coffee...
...liters Amount of Coca-Cola consumed over five years by Russian Natalya Kashuba, 27, who sued the firm for causing her heartburn and insomnia $118 Amount awarded to Kashuba by a Russian court last week. She is seeking an additional $113,000 in "moral damages...
...those sentences are giving heartburn to Republicans, and hope to Democrats who were beginning to think that President George W. Bush had once again outmaneuvered them by taking the national-security high ground in an election year. The report, called "Trends in Global Terrorism: Implications for the United States," is dated April, but became a political flashpoint this week after The New York Times learned of its sensational conclusion that the war in Iraq had the unintended consequence of "breeding a deep resentment of U.S. involvement in the Muslim world and cultivating supporters for the global jihadist movement...