Word: quarterly
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Dates: during 2000-2009
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While much of Wall Street and the rest of the financial sector are finally seeing some sun, the storm clouds around Citigroup just don't seem to be breaking. The company said on July 17 that it earned $3.4 billion in its second quarter. It was the second quarter in a row that Citi had announced a profit, after many critics said the company was done for. In a press release, Citigroup CEO Vikram Pandit triumphantly said, "Our financial results today reflect the incredibly dedicated efforts of all of our people around the world and their success in implementing...
...plus side, there was some improvement in commodity prices in May - but it was more than offset by an appreciating currency and lower export volumes, which crushed trade receipts. As a result, second-quarter GDP is expected to contract 3.1% on an annualized basis, according to the Toronto-based investment dealer CIBC World Markets. "I wouldn't be surprised if June was as bad as May," says CIBC economist Krishen Rangasamy, referring to Canada's trade deficit. He expects the country's balance of trade to begin improving in the fourth quarter, with annualized GDP growth...
...ministers were involved in inciting, financing and participating in violence last year following Kenya's disputed December 2007 election. The Kenya National Commission on Human Rights listed 219 people and organizations as suspects in crimes against humanity after political violence killed nearly 1,300 and displaced more than a quarter of a million. "We got our information from Kenyans," says Florence Simbiri-Jaoko, the chairperson of the government-run body. "We have made recommendation for further investigations. Once these further investigations are carried out, through whichever mechanism is agreed, if there is sufficient information to warrant their prosecution, then...
...foreign community will be as forgiving. Over the past year, Indonesia has profited from the political uncertainty in regional neighbors Thailand and Malaysia, with foreign investors considering the once turbulent country as an alternative location to park their cash. Indonesia recorded 4.1% year-on-year growth in the first quarter of this year, a particularly impressive feat given the global economic crisis. A peaceful presidential election on July 8 underscored the feeling that Indonesia, just 11 years after emerging from dictatorial rule, was transforming into a democracy serious about tackling corruption and wooing foreign investors with its stable political climate...
...UCLA, the campus is projecting 165 fewer courses for the fall quarter, a 10% drop compared with fall 2008, Chancellor Gene Block said. There will be larger classes, which are expected to exceed an average of 60 students each. "We've already seen a 20% increase in the average class size over the last three years, due to increases in student enrollment not covered by state support," Block explained. At UC San Diego, Chancellor Marye Anne Fox said, "our student-faculty ratio is so high that students may not be able to graduate on time." (Read about the struggle...