Word: mends
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...CFCs). The decade before, scientists had discovered that CFCs were blowing a hole in the ozone layer over Antarctica, exposing us to dangerous ultraviolet radiation and boosting the risk of skin cancer. Today, CFCs are no longer in widespread use, and the ozone layer appears to be on the mend...
...Even if house prices and sales are on the mend, that doesn't equate to a clean bill of health for housing overall, since woes in the mortgage sector continue to surface. Another number out this week was the delinquency rate among loans backed by the federal housing agency Freddie Mac. The number of people 90 or more days behind on their mortgages continues to rise - in July, 2.95% of Freddie Mac loans were late, up from 2.78% the month before, and 1.01% a year ago. Furthermore, a new study from the credit-rating agency Fitch found that among people...
...turnaround plan - which has effectively split the company in two - is working. And while Citi Holdings, in which Citi has stuck its mortgage loans, is still in bad shape, Citi officials say Citicorp, which the bank calls its "core" investment bank and its retail bank divisions, is on the mend. Later this week, Citi plans to complete the first stage of a deal to swap a large chunk of its preferred shares for common stock, which will greatly improve the financial standing of the bank - though it will also more than quadruple the company's shares outstanding and result...
...Damascus Engaging Syria U.S. officials confirmed that the Obama Administration will attempt to mend frayed ties with Syria by appointing an ambassador to the pivotal Middle Eastern state after a four-year hiatus. Analysts say the gambit, which follows special envoy George Mitchell's visit to Syria earlier in June, is intended to soothe regional tensions and combat Iranian influence. The U.S. had withdrawn its ambassador after the 2005 assassination of Lebanese Prime Minister Rafiq Hariri, a crime many suspected Syrian intelligence officials of orchestrating...
...years on from the end of Liberia's long and bloody civil war, the country is finally on the mend. The World Bank and International Monetary Fund regularly applaud President Ellen Johnson Sirleaf - Africa's first elected woman leader - on the huge strides she's making to stamp out corruption and rebuild her shattered country. (Read: "Rebuilding Liberia...