Word: sixes
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...six-year-old corruption probe - the most serious yet concerning a major British firm - focuses on deals secured by BAE to supply aircraft to South Africa and the Czech Republic, frigates to Romania and radar equipment to Tanzania. In negotiating with the company, the SFO has hoped to extract a plea bargain - it's thought that BAE has been mulling a settlement, though it's unclear what, if anything, the firm would consider admitting to. But given the company's statement, it also appears BAE is ready to defend itself in court. (Read: "Court Blasts Blair Government...
...Because all of these countries are growing more robustly than the U.S., their interest rates are higher, thus creating a short-term opportunity for traders. Here's how it works with a currency like the Indonesian rupiah: the six-month London Interbank Offer Rate (or LIBOR, the benchmark for U.S. dollar borrowing), is now hovering at slightly less than 1%. That rock-bottom rate stands in stark contrast to the 6.5-7% rate of interest one can get from a short-term money market bill in Indonesia, where the 5-year government bond currently yields roughly 9%. The wide...
...More important, the liquidity the dollar carry trade creates, like alcohol, can also be hazardous if taken in immoderate amounts. For instance, Citigroup's Chua says one of the reasons Asia's stock and property markets have been rallying over the last six months is because of the overabundance of short-term liquidity. "A lot of dollars are seeping into Asian economies," she says. "That's pumping up asset bubbles." When those bubbles burst, as they frequently do, there will no doubt be unpleasant messes to clean...
These words, spoken by Legally Blonde’s Elle Woods, describe Fryhofer well. However, the six-foot-tall blonde Harvardian isn’t worried about getting into law school just yet. Right now, the Atlanta, Ga. native is focused on surviving her sophomore year and leading the Harvard women’s volleyball team to victory...
...Concerned citizens like Mewar and Razdan say that it's mostly through their efforts that some improvements have been made over the past 20 years. "Previously there were 100 latrines hanging directly over the lakes," says Razdan, an environmental enthusiast who heads Udaipur's Lake Conservation Society. Until six years ago, 25 tons of solid waste and 6 million liters of raw sewage were dumped into the lakes each day. Now, he says, those numbers have been reduced by 60%. But the local government has made an impact too: a drainage system, built by Udaipur's Urban Improvement Trust...