Word: natione
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...number of Indians, led by prominent Bollywood figures, have condemned the movie for depicting India as a poor, dirty, lawless, and backward nation. Amitabh Bachchan, perhaps Bollywood’s most successful living actor, said that the movie “causes pain and disgust among nationalists and patriots” because of its unwarranted portrayal of India as a “Third World dirty underbelly developing nation...
Early struggles have made the Harvard women’s hockey team’s quest for dominance within its conference and high standing in the national rankings an uphill battle this season.But the Crimson’s frustrating bouts with inconsistency have come to an end, and Harvard appears to be back on the rise.The Crimson (10-7-3, 10-4-2 ECAC) completed a two-game sweep on the road this weekend, routing Union (2-23-3, 0-15-1), 5-1, on Friday before holding on against Rensselaer Polytechnic Institute...
...While Slumdog does succumb to this weakness, it compares favorably to the average Bollywood flick, which lacks both narrative credibility and discernible substance. The result is that a nation with so many challenges and so vibrant a film culture produces so many movies that feature meaningless plots punctuated only by feel-good song-and-dance routines. Indeed, it’s not that the movies fail to penetrate the surface—it’s that they don’t even capture it. And so it has fallen to talented British producers to make movies that actually bring...
...stock purchases also decrease banks' capital, because their earnings are used to purchase shares rather than being retained as cash. Worse, sometimes banks borrow money in order to buy back shares, upping their leverage and lowering their capital at the same time. In the past four years alone, the nation's largest banks, as defined by Standard & Poor's, have spent $300 billion buying back stock...
...shares and says, "Go make more loans." Well, the bank might then have $200 in loans, but it still has only $5 in common shareholders' equity. The result: if just 2.5% of its loans go bad, the bank's shareholders are wiped out. Wisely, the largest banks in the nation lent less in the fourth quarter of 2008 than in the previous three months - a strategy that has drawn some complaints. But that hasn't removed the pressure on their shares. That's because the banks have had to continue to take loan losses. And banks don't have...