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...slightly less than before. Still, Citi's loans are going bad faster than those of many of its rivals. In the third quarter, the bank had a so-called net charge-off ratio, which is the percentage of loans that are likely to not be paid back compared to total loans, of 5.1%, according to CreditSights. That compares to a charge-off ratio of 2.6% for JPMorgan and 3.6% for Bank of America...

Author: /time Magazine | Title: Can Citi Ever Turn It Around? | 7/23/2009 | See Source »

...display room’s costs consisted of rent and staff salaries, according to Donnelly. In addition to the display room worker who was laid off, HUP fired three staffers in marketing, two in editorial, and one in design—a total of seven layoffs. But HUP is not planning on reducing publishing output, Donnelly emphasized...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Harvard University Press Closes Display Room, Goes Digital | 7/23/2009 | See Source »

...jockey-plus-horse system," as the researchers call the racehorse-and-rider team, will start off essentially the same as any other: a combined mass of roughly 1,100 lb. (500 kg) of living flesh, with the horse representing about 87% of the total weight and the jockey making up the rest. One key to speed will be how lightly the horse can carry that 13% load. The investigators found that the horse's back oscillates up and down about 6 in. (150 mm) throughout its stride, and fore and aft about 4 in. (100 mm). The jockey moves...

Author: /time Magazine | Title: Secrets of Jockeying: Why Horses Go Fast | 7/21/2009 | See Source »

...Acta probably did get the memo. Rumors about his job security have flown around Washington for months, and yet his team did no better. That, frankly, reflects a baseball reality that few are willing to concede: A manager has no significant impact on his team’s win total...

Author: By Nathaniel S. Rakich | Title: Managing Expectations | 7/21/2009 | See Source »

...proposal could hardly come at a worse time for governors. The recession has drained state coffers of tax receipts, even as public need for state safety-net services is growing. According to the Center for Budget and Policy Priorities, at least 48 states are facing shortfalls totaling $166 billion - 24% of their total budgets. Rendell, the outgoing chairman of the NGA, was unable to attend the Biloxi meeting because he had to stay in Pennsylvania and struggle with the legislature to find a way to plug a $3.2 billion fiscal hole...

Author: /time Magazine | Title: Medicaid and the States: Health-Care Reform's Next Hurdle | 7/21/2009 | See Source »

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