Word: understands
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Dates: during 2000-2009
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Last year China Construction Bank's net profit soared 10% to $11.9 billion. In the same period, Bank of America, which at the time owned some 19% of the Chinese lender, earned just $4 billion, down 73% from 2007. That's all you need to know to understand why Bank of America in May sold a 5.8% stake in China Construction Bank for $7.3 billion. Bank of America has been so badly hurt by the U.S. financial crisis that it needs to raise billions of dollars to recapitalize. Meanwhile, Chinese banks are making money hand over fist as China...
...written transcript that must be purchased to be seen, or such reports as those few in physical attendance choose to make. The constitutional ideal of government-of-and-by-the-people is hollow when the people lack the real and practical means to see and hear and understand the proceedings for themselves...
...focusing on non-personnel cuts and leaving layoffs as a last resort. Local administrators are contractually required to engage the union in conversation and negotiation whenever they are considering specific layoffs. Called “consultation when considering,” the agreement gives affected staffers the opportunity to understand the reasons behind the proposed...
...graduate life free of a clear path. I graduated from college in 1963, the year that Betty Friedan fired the shot heard around the world and ignited the Feminist Movement—at least in my white, middle class, college-educated world. It is hard for students today to understand how momentous it was to read The Feminine Mystique: how staggering it was to grasp that the path I imagined when I entered college was far too limited. My subsequent path, therefore, was always built upon conflicting expectations about what women in general, and what I in particular, could...
...issue didn't even come up in his meetings on Monday. "I actually haven't been [asked about it]," Geithner said, perhaps chafing a bit at the presumption that the U.S. needs to reassure the Chinese of its creditworthiness. "The economic leadership here," he continued, "has a very sophisticated understanding about where we are and what we are doing. We are going to have to bring down our fiscal deficit and walk back these extraordinary interventions in the financial sector, but we are completely committed to doing that - and they understand that...