Word: low
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Dates: during 2000-2009
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...Europe gorged on high-risk subprime lending and complex mortgage-backed securities in a quest for fat returns, Sands avoided toxic assets that got its competitors into trouble. Sands became even more cautious as the U.S. housing bubble began unraveling in 2007. Some risky borrowers - such as low-margin Asian exporters, which have been hit hard by the collapse of U.S. consumer spending - were asked to cough up more collateral when renegotiating loans, while other marginal customers were denied further credit. To strengthen the bank's financial position even more, Sands raised $2.7 billion in capital through a December share...
...mother used to tell my father that he was a very good mother. This was her way of praising his attendance at every concert and game, his patience and care. In those days, "good mother" was the highest domestic achievement; to have called him a good father, given how low the bar was set, wouldn't have done him justice...
...first glance, the WHO's first ever report on worldwide road safety reaches a basic conclusion: healthwise, you're better off living in a rich country than in a poor one. Though they're home to less than half the world's registered vehicles, low- and middle-income countries account for more than 90% of traffic fatalities. The report succeeds in spelling out the global impact of those crashes in cold, hard cash. Traffic injuries cost a whopping $518 billion a year. Poor countries generally spend more money responding to car accidents than they receive in development...
...first memo to Chrysler employees, Marchionne talked about that record. "Five years ago, I stepped into a very similar situation at Fiat. It was perceived by many as a failing, lethargic automaker that produced low-quality cars and was stymied by endless bureaucracies," he wrote. Giving his version of the turnaround--hard work, tough choices, heavy investment and a culture "where everyone is expected to lead"--he promised that "we can and will accomplish the same results here." Even if Fiat doesn't become the next Apple, everyone from the President to the survivors on the Jeep shop floor...
...nation's lowest-performing public schools. By throwing down the gauntlet to charter schools, Duncan is challenging an industry that has become very proficient at opening up brand-new schools, but has very little experience in going into a preexisting school and turning those kids from low performers into high-quality students. But Zitzner, whose Entrepreneurship Preparatory has about 200 students in grades 6 to 8, can't wait to dive in. In the past three years his students have gone from fairly abysmal test results to scoring in the top quartile on the Ohio standardized test, and he doesn...