Word: lating
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...though some Asian economies, chiefly China and India, appear to have passed through the worst of the downturn, analysts still doubt StanChart can repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest single worry is the economies in the region," says Nick Hill, bank credit analyst at Standard & Poor's in London. "We think they've taken measures to pull in their horns, but it is a bit of a stretch...
...recession is nearing its end. At least, it seems to be. A generally improving trend in the economic data has forecasters saying the downturn will turn into an upturn sometime between early this summer (the optimistic view) and late next winter (the pessimistic...
...relaxed program was built largely around music and talking points interspersed with a series of videos downloaded from YouTube. The audience sang a verse each of "America, the Beautiful," "My Country 'tis of Thee," and "God Bless America," then watched a video bit from the late comedian Red Skelton in which he invokes one of his former teachers who broke down the Pledge of Allegiance word by word. Pagano then asked the crowd to stand and led them in reciting the Pledge...
...late '90s, software entrepreneur John Zitzner was pretty close to being bankrupt. Yet within six months - in one of those typical "holy crap" dotcom-era stories - Zitzner had sold his company and become "a very modest millionaire." Fantastic. And in one of those typical "What do I do with all this money?" stories, he decided to help make the world a better place - specifically by co-founding a charter school in Cleveland. (Read TIME's report: "How to Raise the Standard in America's Schools...
...with 3,700 German troops serving in Kabul and in northern Afghanistan, around Mazar-e-Sharif, where Germany heads the northern regional command. More German soldiers are now being sent to Afghanistan in the run-up to the elections in August, bringing the total number to 4,200 by late summer. There are also plans to send 300 more German troops to the country to help support NATO's deployment of surveillance aircraft...