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...wary of any movement on the topic - and that suspicion remained strong going into Tuesday's vote. Despite its passage, Morin's text is only the latest of 18 similar plans introduced since 2002 that have outlined compensation for people exposed to the blasts. All of those previous plans eventually petered out. This time, Morin has minimized the number of victims he says will be covered by his bill as "several hundred" - an optimistic estimation, experts say, given the 150,000 people that independent studies calculate were exposed in various degrees to the explosions. (Read "French Doubts Up After Nuke...
...last global statistical analysis of the damage caused by alcohol, undertaken in 2000, found that 3.2% of deaths worldwide were the result of alcohol consumption. The new study, part of the Lancet's "Alcohol and Global Health" series published last Saturday, used the same statistical tools as the previous one, and found that for 2004 the figure had increased 0.6%. Alcohol-related causes of death include accidents, violence, poisoning, mouth and throat cancer, colorectal cancer, breast cancer, suicide, stroke and many others. (See how to prevent illness...
...strengthen the bank's financial position even more, Sands raised $2.7 billion in capital through a December share sale, raising the bank's key "tier one" capital ratio to 10.1%. (An 8% ratio is considered healthy.) Jaspal Singh Bindra, StanChart's Hong Kong - based CEO for Asia, says that previous downturns like the 1997 Asian crisis made management especially wary of financial-system turmoil. "We learned that when there is a market problem, it spreads from a problem to a crisis very quickly," Bindra says...
...Still, as the recession drags on, the odds are increasing that more of StanChart's borrowers will struggle to pay back their loans. The bank's nonperforming loans were up 30% in 2008 compared with the previous year. Even though some Asian economies, chiefly China and India, appear to have passed through the worst of the downturn, analysts still doubt StanChart can repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest...
...family by Lake Geneva. He's at the firm to manage Fiat, not rule it. "My job as CEO is not to make decisions about the business but to set stretch objectives and help our managers work out how to reach them," he wrote. It worked at Marchionne's previous job, as head of a Swiss inspection and verification company called...