Word: nets
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Dates: during 2000-2009
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...billion. The percentage of loans the company expects to go unpaid also continued to rise, though slightly less than before. Still, Citi's loans are going bad faster than those of many of its rivals. In the third quarter, the bank had a so-called net charge-off ratio, which is the percentage of loans that are likely to not be paid back compared to total loans, of 5.1%, according to CreditSights. That compares to a charge-off ratio of 2.6% for JPMorgan and 3.6% for Bank of America...
...proposal could hardly come at a worse time for governors. The recession has drained state coffers of tax receipts, even as public need for state safety-net services is growing. According to the Center for Budget and Policy Priorities, at least 48 states are facing shortfalls totaling $166 billion - 24% of their total budgets. Rendell, the outgoing chairman of the NGA, was unable to attend the Biloxi meeting because he had to stay in Pennsylvania and struggle with the legislature to find a way to plug a $3.2 billion fiscal hole...
...world of Harry Potter fandom. Two years after the last book was released, it's still going strong, and it's showing signs of taking on a life of its own as a cultural movement in its own right. Potter fan fiction continues to flow onto the Net, extending the Potterverse out toward the horizon in all directions, with the blessing of J.K. Rowling. There are two Harry Potter conventions this year, LeakyCon in Boston in May and Azkatraz in San Francisco in July (following the release of the sixth movie, Harry Potter and the Half-Blood Prince, on July...
...functioning economy has let warlords fill the vacuum. That needs to change. The U.S. recently announced, for example, that it is shifting its antipoppy efforts from destroying the opium-producing flowers to encouraging different crops. But that's quite a challenge: poppies are easy to grow and net four times as much money per acre as wheat. So farmers will need new cash crops to replace the poppies and newly built roads to get such goods to market without paying bribes along the way. The best soldiers in the world can't manage every step of that process, which...
...Bristol hit 14-year-old Willow instead, Palin demanded multiple apologies from comedian David Letterman. Even after Palin announced her resignation, she remained on high alert. Shannyn Moore, an Alaska blogger, questioned whether Palin quit because of rumors she was facing a scandal. Palin's lawyer threatened to sue. Net result: more publicity and an FBI denial of any investigation. (See pictures of Bristol Palin and Levi Johnston...