Word: wente
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Dates: during 2000-2009
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...overall investment-banking earnings were boosted by a $2.5 billion derivatives valuation adjustment "mainly due to the widening of Citi's CDS spreads." In somewhat dumbed-down but still utterly flummoxing language: credit-default swap (CDS) spreads represent the cost of insuring against Citi's default. That cost went up in the quarter as investors fretted about Citi's solvency, so Citi was able to book $2.5 billion in gains. Got that? Without that boost, Citi's $1.6 billion in quarterly profit would have been more than wiped out. As it was, holders of Citi's common stock still...
...funded in part by the U.S. Department of Education. In New York City alone, the number of reimbursement claims by parents who have unilaterally placed their kids in private special education rose from 3,023 to 4,068, and the city's spending on private placements went from $53 million in 2005-2006 to $88.9 million in 2007-2008, after the Second Circuit Court ruled in favor of the families in two similar cases...
...indigenous citizens last year before January's constitutional referendum, which gave Bolivia's majority indigenous more political power but had many worried that Santa Cruz and other resource-rich eastern provinces might try to secede from the poorer highlands, where the capital, La Paz, is located. Morales himself went on a five-day hunger strike last week to get Bolivia's Congress to pass an electoral law that gives the indigenous more legislative seats...
...answer to the Spice Girls) they became overnight hits, selling more than five million records and notching up four chart toppers including one in Brazil. The band split in 2003, burnt-out after their rocket to fame. Four of the original five, including Benaissa, reformed in 2007 and went on to represent Germany at the 2008 Eurovision Song Contest in Belgrade. Their catchy single "Disappear" failed to impress the Euro judges finishing 23rd...
...authorities uncovered what they insist was an assassination plot against Morales. At 4:30 a.m., police surrounded the Hotel de las Americas in downtown Santa Cruz, the capital of Bolivia's anti-Morales east. They'd been tipped about armed occupants in two of the rooms; and when they went to check it out, say government officials, they were met with gunfire. They returned it and killed three of the five men in the rooms, wounding the other two. According to Vice President Alvaro Garcia Linera, authorities were then led to Santa Cruz's convention grounds, where they found...