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...losses at several of Citi's businesses continue to grow. What's more, a number of executive departures are complicating the bank's turnaround efforts. Lastly, while Citi's lending losses are not growing as fast as they were, the bank's loans are still going bad at a higher rate than that of its rivals...
...compared to rivals, Citi's performance looks even paler. Goldman Sachs and Wells Fargo both reported higher earnings in the second quarter than a year ago. JPMorgan's earnings were down from a year ago, but it still outperformed Citi in many parts of its business. Investment-banking revenues at Citi, for instance, fell 13% in the second quarter from a year ago; JPMorgan's investment-banking revenues rose 29% in the same time, according to Bernstein's McDonald. Then there's the issue of talent loss. As Citigroup's troubles have continued, the bank has begun to lose executives...
Earlier reports from Perera's group had found that higher prenatal exposure to PAHs is associated with lower weight and smaller head size at birth and developmental delays at age 3. Studies of children in China who live near coal-burning plants have found that PAH exposure is associated with delayed motor development. The current Pediatrics study, however, is the first to link exposure to reduced performance on IQ tests. Kids in the low-exposure group scored a mean IQ of 101.6, while the mean score in the high-exposure group...
Harvard is considering replacing a $2 billion revolving line of credit with a smaller line of credit that charges a higher interest rate—a move that may constrain the University's cash flexibility during severe economic downturns...
...participants - it's difficult to get a reliable reading in such a large number of youngsters quickly - other studies have shown that parental stress translates directly with more-anxious kids. McConnell hopes that these findings will spur additional studies to investigate why, for example, asthma rates tend to be higher among lower socioeconomic groups. "There are a lot of potential reasons why poverty might be associated with asthma," he says, including that poorer families tend to live in more highly polluted, densely packed urban areas...