Word: resulting
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Dates: during 2000-2009
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...part of the Federal Reserve deal, both GM and Cerberus will reduce their stakes in GMAC, a company decimated by the crisis in residential loans. Although created originally to finance GM's car sales, GMAC also got into residential mortgages, including the subprime variety. Result: GMAC has lost $8 billion over the past two years. Cerberus will distribute shares to its investors, thereby reducing its voting stake to 14.9% and its overall equity stake to 33%. GM will transfer some of its shares to a trust, which will sell off the stock over the next three years...
...sending a single soldier to fight for a year in Afghanistan or Iraq is about $775,000 - three times more than in other recent wars, says a new report from the private but authoritative Center for Strategic and Budgetary Assessments (CSBA). A large chunk of the increase is a result of the Administration's cramming new military hardware into the emergency budget bills it has been using to pay for the wars. (See pictures of U.S. troops in Iraq...
...Nelson Institute for International and Public Affairs at James Madison University, told the Associated Press this week that Western leaders should not blindly trust in a constitution which the now-dead president Conté drafted largely to keep himself in power for decades. It was "not the result of any democratic process," he noted. After such a sorry history, even a coup can look good...
...Foreign & Commonwealth Office (FCO), handled more than 1,300 cases during the first three quarters of 2008 alone, an increase of 79% over 2007. With some victims as young as 13, most cases involved women, though experts estimate that 15% of cases worldwide may involve men marrying as a result of family pressure. "We're definitely getting more calls than normal," says FCO spokesman Nick Branch. Branch says most of the unit's cases this year involved families from India, Pakistan and Bangladesh...
...other colleagues - Jose Fillat and Judit Montoriol-Garriga - put out a paper called "Looking Behind the Aggregates: A Reply to Facts and Myths About the Financial Crisis of 2008.'" In it, they argued that even though overall lending seemed to be robust, that could very well be the result of companies drawing down existing credit lines - agreements banks had made in better times and now couldn't renegotiate. In fact, there was plenty of anecdotal evidence in the business press to suggest that was exactly what was happening, that companies were locking in funding not to invest, but to hoard...