Word: hidden
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Dates: during 2000-2009
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...Hidden by the big bottom-line losses are a number of Citi businesses that seem to be doing well. Along with mergers and acquisitions, analysts point to Citi's foreign-currency trading divisions and its business of processing payments and moving money around the world as two other bright spots. Earlier this month, Citi CEO Vikram Pandit said his bank was profitable in the first two months of the year. "M&A alone is not a big enough businesses to swing the bank," says analyst Richard Bove, who follows bank stocks at Rochdale Securities. "But put them all together, along...
...HMOs, for instance, they try to recoup some of those losses by raising prices for insured patients, which in turn leads to higher premiums. Because insurance markets are state-by-state entities with disparate regulations, residents of certain states - such as Montana, West Virginia and Texas - pay a higher hidden tax than others. "A hospital seeks out dollar figures when it can," says report author Peter Harbage, a health-care analyst...
...much as 8% higher premiums due to the lack of universal health care in the U.S. "So many Americans think that universal coverage is for the uninsured," says Senator Sheldon Whitehouse, a Rhode Island Democrat who has been a vocal advocate of health-care reform. "This is the hidden tax we all pay for our failure to insure all Americans." (Read "The Health Crisis Hits Home...
...Moreover, the new report bases its projections on 2005 census data. That means, amid the current economic downturn, that as the number of uninsured Americans rapidly grows, this so-called hidden tax could be much higher than the findings suggest. In December and January alone, as many as 14,000 people per day lost their insurance coverage, the CAP study shows. A second report, released earlier this month by the nonprofit Families USA, found that about 87 million people - roughly 1 in 3 Americans - went without health insurance for some period between 2007 and 2008. "The huge number of people...
...Enforcement Administration (DEA) in 1973 to announce "an all-out global war on the drug menace." While reports of widespread heroin use among soldiers in Vietnam sparked an intense outcry, but by 1975 attention had turned to Colombia's cocaine industry. When Colombian authorities seized 600 kilos of cocaine hidden in everything from shoeboxes to a dog cage containing a live dog, drug traffickers retaliated by killing 40 people in one weekend. Nicknamed the "Medellin Massacre" after the city at the center of Colombia's drug trade, the murders ignited years of raids, kidnappings, and assassinations (a 1985 Medellin cartel...