Word: outflowing
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Still, recent reports demonstrate that bank secrecy is still very important for Switzerland and suggest how Swiss banks intend to maintain that secrecy for years to come. Credit Suisse, which took a net capital outflow hit of $5.5 billion in the fourth quarter of 2009, reported it had about $100 billion of private, cross-border assets from politically sensitive or tax-sensitive countries. But when stress tested in simulations of widespread tax amnesties, it showed that $25 billion to $35 billion might flee. That sounds huge, but with some $800 billion under management, it's just a couple of quarters...
...count. Now it's official. The region - Miami-Dade, Broward and Palm Beach counties - lost 27,400 residents between 2008 and 2009, while Florida as a whole lost 58,000. That's not exactly a mass exodus for a state of 18 million; but it's the first net outflow in 63 years for a state that considers itself the new California. "It's difficult for the working middle class to justify living here," Mike Jones, president of the Palm Beach County Economic Council, conceded to the South Florida Sun-Sentinel. "As much as they may love the sunshine...
...investigators follow the terrorist trail, there are, at least, encouraging precedents for the country's economic prospects: the 2003 Marriott bombing didn't result in a major investment outflow, and Bali eventually recovered economically from its attacks, which killed more than 220 people on the island. Indonesians can only hope that the latest effort to dissuade foreigners from doing business in Southeast Asia's biggest economy will also fail...
According to Pearson, an associate professor of earth and planetary sciences, the team based the research on samples collected from Antarctica’s McMurdo Dry Valleys. This region is considered to be one of the world’s most extreme deserts and contains an iron-rich subglacial outflow, Blood Falls, which trickles from the Taylor Glacier...
...What we are suggesting is a central-governor model," says Ed Chambers, one of the study's co-authors and a researcher at the School of Sport and Exercise Sciences at the University of Birmingham. "Ultimately, the brain controls exercise performance by controlling the neural outflow to the exercising muscles...