Word: sixes
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...Northern Rock "is making progress," chief executive Gary Hoffman said of the British bank's half-year results announced a day earlier. "Our first-half performance," Barclays boss John Varley reckoned the day before that, was "a good start." At HSBC, chief exec Michael Geoghegan said Monday, the first six months of the year "saw much that is encouraging for our future...
...other words, improvement means different things to different bank bosses. Mounting bad debt at Lloyds drove it to a $6.8 billion loss in the first half of this year, some distance from the $4.8 billion profit recorded in the same six months of 2008. Northern Rock, nationalized early last year after a run on its deposits in 2007, slumped to a pretax loss of $1.2 billion in the first half, far worse than the $984 million shortfall recorded in the same period of 2008. A stellar six months at the investment-banking unit of London-based HSBC, meanwhile, helped prop...
...Archives of General Psychiatry. During that decade - the last period in which data were available - the percentage of Americans using antidepressants surged from less than 6% to more than 10%, or more than 27 million people. The study, which surveyed nearly 50,000 people above the age of six, reveals that antidepressants - the most commonly prescribed class of medicine in the U.S. - are being used to treat not just depression and anxiety but disorders ranging from back pain to sleeplessness. The authors also underline the degree to which pharmacology often supplants psychotherapy as the primary treatment for mental ailments...
...Problems to Fix Six years on, though, the project is already three years behind schedule, $2 billion over the initial $4.2 billion budget, and the focus of international arbitration and other legal wranglings as TVO, Areva and other companies involved seek compensation for escalating costs. Analysts say many of the problems stem from Areva's impossibly low bid. "Though getting the world's first third-generation reactor completed will give Areva some big advantages over rivals, the Finnish project has cost it a lot in terms of credibility, and a lot of people are looking on saying: 'You mean...
...diplomatic downward spiral that's ensued since Obama entered the White House in January. The North has tested its second nuclear bomb (the first test was in October 2006) as well as a long-range missile and has said it has no intention of ever rejoining the so-called six-party talks - the Bush Administration's ultimately futile attempt to get the North to, in effect, re-enact the Agreed Framework of the Clinton era. (See pictures of the rise of Kim Jong...