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...what does that actually mean, dumbed down? Whitney's question was specifically about Citi's $1.7 billion in investment-banking profits in Europe, and Kelly's eventual answer was basically just that business had been good. But bank financial statements are never that simple: Citi's overall investment-banking earnings were boosted by a $2.5 billion derivatives valuation adjustment "mainly due to the widening of Citi's CDS spreads." In somewhat dumbed-down but still utterly flummoxing language: credit-default swap (CDS) spreads represent the cost of insuring against Citi's default. That cost went up in the quarter...
...have got give the kid credit,” Duboe said, “[Burke] is a great goalie and he certainly takes away a lot of your strengths as a shooter by baiting you. I mean the kids [an] All-American...
...identifying children who may be in trouble and offering them assistance. The difficulty with that is you start to think about students' rights. Does this mean we're going to have profiling? Is every student who's "different" going to be targeted? We're going to face these issues. The most important thing is having people available to listen to these students. For example, we have to have some small classes, so that we know the names of these students and we notice if they're not responding. That was why Seung-Hui Cho was noticed in his English classes...
...says he suspects some Chinese companies have won construction contracts by submitting lowball bids, which could mean they are cutting corners, threatening quality and safety. But Thu's biggest concern is the influx of large numbers of Chinese workers, including cooks and cleaning staff, that are taking jobs from Vietnamese and threatening the country's social stability. "Chinese contractors bring everything here, even the toilet seats!" declares Thu. "These are materials Vietnam can produce, and work that Vietnamese...
...attacked by pirates on April 7, a reminder that piracy is happening elsewhere in the world as well, underlining the need for a global response. "An American captain freed is a good example," says Nair of NUSI. "But if it remains an isolated, incidental event, it will mean nothing. Now the Somali pirates have threatened revenge; they may become more active...