Word: result
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...South Korea closed 14 merchant banks in December 1997, according to Merrill Lynch. Others were sold or merged. Those that survived cleaned up their act. Credit analysts are more thoroughly trained and better technology systems allow managers to more carefully assess the risk in their portfolios. As a result, Asia's financial institutions are much more conservative than in the past...
...region might be safe for now, what the future holds is unclear. Asia's economies, though far from recession, are decelerating as a result of the overall global slowdown. That could lead to problems at home, including rising nonperforming loans. "Asian banking systems might have dodged the turmoil from the U.S. subprime crisis but they are not immune to economic slowdowns," Standard & Poor's concluded. In these turbulent times, avoiding one bullet doesn't necessarily save you from others...
...women who brought home the best result of the weekend, earning a runner-up finish in the Mrs. Hurst Bowl...
...matter who she is playing with or against, she plays her own game. Her game is definitely more mature than her freshman status.”Still, the most important thing for the Crimson was proving that last year’s league championship was not a fluke result. Defeating its toughest Ivy opponent on its home course for the first time ever certainly helps.“Beating them showed we have what it takes, and that we can beat them on any course,” Kabasakalis said.—Staff writer Jay M. Cohen...
...leader of Austria's far-right Freedom Party, which together with an offshoot far-right party known as the Alliance for the Future of Austria is expected to win up to a quarter of the vote in general elections scheduled for September 28. That would be the best result for the anti-immigrant far right in Austria since the same Freedom Party, then led by the charismatic Jörg Haider, won nearly 28% of the vote back in 1999, triggering a wave of European indignation that culminated in E.U.-imposed sanctions. Haider split from the Freedom Party...