Word: loss
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...Meanwhile Canada's major banks, which reported results for fiscal 2008 this month, continue to struggle with write-downs as a result of exposure to U.S. credit and equity markets. CIBC reported a loss of C$2.1 billion on the year, against net income of C$3.3 billion in 2007. The country's fifth-biggest bank blamed write downs to its U.S. subprime portfolio for the huge loss...
...Meanwhile, Dartmouth is coming off a tough second-straight road loss to defending national champion Minnesota-Duluth. Despite the loss, senior goaltender Carli Clemis made a career-high 48 saves, including 17 in the second period alone. Harvard must find a way to get past Clemis—who has registered a .942 save percentage—if it wants a chance for victory...
Closer to home, "Ithaca Hours," with a livable hourly wage as the standard, were launched during the 1991 recession to sustain the economy in Ithaca, N.Y., and stem the loss of jobs. Hours, which are legal and taxable, circulate within the community, moving from local shop to local artisan and back, rather than leaking out into the larger monetary system. The logo on the Hour reads "In Ithaca We Trust...
...said. “Especially for the guys at the top, especially Verdi who had a huge win, but it was a great victory for the team.” Saturday’s victory was even sweeter given that the Crimson was able to give Rochester its first loss after the Yellowjackets started out the season an undefeated 2-0. All hope seemed lost towards the end of the match. The Crimson was down 4-3, and captain Verdi DiSesa was fighting an uphill battle against Hameed Ahmed, who was Second Team All-American and ranked...
...team with 10.3 points per game. He will be out indefinitely, a major blow for Harvard, who kept it close nonetheless against its talented hosts before falling away near the end. “It’s not really a positive, because it was a 15-point loss, but we were undermanned,” senior guard Drew Housman said. “We caught them on a hot-shooting night, so we know we have a lot to work on, but we put forward a good effort.” Against the athletic Colonials from the Atlantic...