Word: loss
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...billion buy-out of Dutch rival ABN Amro, the banking industry's biggest ever takeover. One year on, and Britain's second-largest lender is still making news - though these days it's much less welcome. On August 8, RBS announced it had tumbled to a $1.33 billion loss in the first half of this year - a massive drop from the $9.6 billion profit it recorded in the first six months of 2007, and the bank's first ever loss as a publicly traded company. Behind the change of fortune: some $11.3 billion of its own write-downs on assets...
...potentially endangering babies' and moms' health and lives," says Dr. Erin Tracy, an ob-gyn at Boston's Massachusetts General Hospital who authored two anti-home-birth resolutions approved by the AMA in June. "We've all seen scenarios where mothers came in, after very major blood loss, in a very catastrophic state," she says. "By the time they arrive in the hospital, you're sort of behind the eight ball in trying to resuscitate these patients. The same thing with neonatal outcome...
...programs that create a market for their farm surpluses, but for countries receiving their charity, long-term food aid can become addictive. Why bother with development when shortfalls are met by aid? Ethiopian farmers can't compete with free food, so they stop trying. Over time, there's a loss of key skills, and a country that doesn't have to feed itself soon becomes a country that can't. All too often, its rulers use resources elsewhere - Ethiopia has one of Africa's largest armies...
...once among them. The northern English powerhouse overstretched its credit lines in order to sign players that would keep it in contention for English and European honors, and then disaster struck as a run of disastrous form saw the club miss out on Champion's League qualification. The resulting loss of projected revenues forced an emergency sell-off of star players, but that failed to avert a financial collapse, and the once mighty Leeds United now languishes in England's third-tier league. Just as wealth and success on the field go hand in hand in today's pro soccer...
...harassment. He was receiving psychotherapy in the weeks before his death and was banned from the premises of his research lab. Yesterday, a spokesperson for Ivins' lab, the U.S. Army Medical Research Institute of Infectious Diseases, at Fort Detrick in Frederick, said the agency "mourns the loss of Dr. Bruce Ivins, who served the institute for more than 35 years as a civilian microbiologist." That seems an unusual thing to say if you believe one of your employees had something to do with an anthrax attack...