Word: specializing
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Dates: during 2000-2009
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...locals more reason to cheer (unless, of course, they bleed the University of Michigan's maize and blue and wouldn't dare root for an archrival). For a few days at least, the city can lose itself in the rah-rah world of college hoops. (Read TIME's special report: "Is This Detroit's Last Winter...
...start recording losses from these loans that investors weren't expecting. There's a second problem related to shadow assets: Regulators say that banks must hold capital equal to at least 5% of their assets to be considered healthy. Citigroup, to take one example, has about $850 billion in special purpose entities. That means to reincorporate those assets by the end of this year, Citigroup will have to come up with $42 billion in new capital - money that will have to come from Uncle Sam, which could further dilute the value of Citi's shares...
...change in the way banks have to account for these special purpose entities will mean great danger for their capital ratios," says corporate accounting expert Robert Willens...
...From the distance of a magazine story or a National Geographic special, it can be hard to understand why anyone would want to kill the very beautiful, very endangered jaguar. But if you're a Brazilian cattle farmer whose cows keep getting eaten by jaguars, the killing makes a little more sense. (See pictures of 10 species on the brink...
...children, will come under Panthera's banner, and the hope is that Brazilians will learn to appreciate both the medical care and the conservation work for jaguars. "People are given better schools and better health care, and the connection between the two is made," says Rabinowitz. (See TIME's special report on extinction...