Word: whitneys
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After rookie Whitney Shaw got hit by a pitch to start the third, the Crusaders replaced Melissa Pivonka with Katie Alexander in the circle...
...first—and only—lead of the day. The Crimson made sure that the lead was short-lived, as it scored two runs of its own as its bats came alive in the second inning. “We were patient,” freshman Whitney Shaw said. “We knew we were hitting the ball, and we knew that we had to keep doing what we were doing and we weren’t going to let [Saturday’s] split get us down. We’ve been working hard...
...their own in the second contest, scoring seven runs with two outs and winning the game, 11-5.“We did well staying on them—they would score, we would score, never giving up, never letting down,” said rookie first baseman Whitney Shaw. “We should have prevented that runaway inning and should have just stopped the bleeding before it got bad, but we did make a good effort at the end to try to come back.”BROWN 11, HARVARD 5In a slugfest that featured a combined...
...what does that actually mean, dumbed down? Whitney's question was specifically about Citi's $1.7 billion in investment-banking profits in Europe, and Kelly's eventual answer was basically just that business had been good. But bank financial statements are never that simple: Citi's 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...
...While mortgage losses show faint signs of moderating, banks still have a lot of credit-card ugliness to work through. At JPMorgan Chase, card services was by far the worst-performing division, with a loss of $547 million. When Whitney asked CEO Jamie Dimon if the business would return to profitability this year, his answer was a succinct "No." At Citi, "credit-card losses seem to be breaking their historical correlation with unemployment," CFO Kelly said. That is, credit-card losses normally rise with the unemployment rate. Now they're rising faster...