Word: low
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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...
...complications with her second pregnancy. A high school graduate and a preschool teacher's aide for six years, she is working toward a nursing degree. Following a divorce, she now receives a welfare check for $623 as well as food stamps and the state's health coverage for low-income families. "Last year I was able to work and pay my own bills. I'd like to see if Governor Schwarzenegger could cut it on $600 a month...
...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...