Word: periodicity
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...billion profit recorded in the same six months of 2008. Northern Rock, nationalized early last year after a run on its deposits in 2007, slumped to a pretax loss of $1.2 billion in the first half, far worse than the $984 million shortfall recorded in the same period of 2008. A stellar six months at the investment-banking unit of London-based HSBC, meanwhile, helped prop up its falling profits. Income across Europe's largest bank fell to $5 billion, half the level hit a year earlier. At Barclays, the U.K.'s second-biggest lender, profits rose...
...pants down when the wholesale markets it relied on to fund those loans froze in 2007. With unemployment rising and house prices still on the wane, the bank's impairment charges for soured loans tripled, to $1 billion in the first half of this year vs. the same period in 2008. Just as worrying: a shade under 4% of its home loans were more than three months in arrears, the company said Tuesday. (The average across Britain's banks is 2.4%.) Plans to split the bank into its "good" and "bad" halves - savers' deposits and new lending in the former...
...Gist: Antidepressant use in the U.S. doubled from 1996 to 2005, according to a new report in the August issue of Archives of General Psychiatry. During that decade - the last period in which data were available - the percentage of Americans using antidepressants surged from less than 6% to more than 10%, or more than 27 million people. The study, which surveyed nearly 50,000 people above the age of six, reveals that antidepressants - the most commonly prescribed class of medicine in the U.S. - are being used to treat not just depression and anxiety but disorders ranging from back pain...
...lofty, army-secured heights of head of state and another contender, former Finance Minister Ashraf Ghani (who polled 3% in May), dominates television debates, Abdullah is taking his platform straight to the streets, or, as the case may often be, the country's bumpy mud tracks. In a period of less than two months, the onetime warrior will have been to more than half of Afghanistan's 34 provinces, throwing rallies under the massive, multicolored tents usually reserved for weddings. The dangers, of course, are real. Last week, the Taliban vowed to disrupt Afghanistan's election in a strongly worded...
...Chrysler - had less frothy numbers but still managed to pick up market share in July for the first time in months, at the expense of German and Japanese competitors. Ford emerged as one the program's biggest winners, posting a genuine sales increase for July over the same period last year; the automaker could also lay claim to the top vehicle purchased with clunker cash: the compact Ford Focus...