Word: third
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Then there is Toyota, the 800-pound hybrid gorilla. Toyota has yet a third route to success: muscling up on its hybrid strength...
...involving more than 20,000 children, first-graders in owned homes scored an average 77.3 points on a test of reading, while children in rented homes scored an average 68.5 points. That gap persisted for math scores (62.6 vs. 54.8), as well as for reading and math scores among third-graders...
...staff failed to adequately follow up or seek third-party verifications on the trades, the report said. In many cases, the report said, "an inexperienced examination team" was assigned the investigation and many of the team's members were not familiar with trading practices and simply accepted Madoff's explanation that he used his "gut feel" to time the market on the basis of "his observations of the trading room." According to the report, examiners stated that "there was no training" and that "this was a trial by fire kind of job." It also said that examination team was "composed...
...even consulted third parties, such as the Depository Trust Company (DTC, a special-purpose bank used by securities firms), to verify trades, the scandal would have been uncovered. For example, a January 2005 statement for a Madoff feeder-fund account indicated it held $2.5 billion of S&P 100 equities on Jan. 31, 2005. However, DTC records show Madoff held less than $18 million worth of S&P 100 equities in his DTC account...
...recent growth. "The present economic 'recovery' began in February as inventories were restocked and was pushed up by the spillover from the asset-market revival," he contends in a recent opinion piece in Hong Kong's South China Morning Post newspaper. "These two factors cannot be sustained beyond the third quarter...