Word: airs
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...buybacks, according to S&P. The result is that over the past decade, BofA's tangible-capital ratio - the amount of tangible equity in relation to tangible assets - has nearly halved from 5% in 1998 to 2.8% in the third quarter of 2008. It became a bank built on air. (See pictures of scared traders...
...June, an Air Methods helicopter crashed into another chopper in mid-air on a sunny day over Flagstaff, Arizona, killing seven. Even though the second crash did not fit the pattern, pilots experiencing emergencies when they hit low visibility - which is called "unplanned transition to Instrument Flight Rules" in industry parlance - "is a common theme," says Brian Foster, Air Methods' director of operations...
...company is spending $30 million to upgrade most of its helicopters with night vision goggles, terrain awareness systems, and technologies that track flight progress and weather. Air Methods will spend another $30 million training its pilots to use the new systems, plus $1 million a year to equip and staff an operational control center that monitors all flights. "We're going above and beyond what the rules require," Foster says...
...accusing them of patronizing warlords and overlooking the corruption and waste in their own aid programs. Earlier this month, Karzai's ambassador to the U.N., Zahir Tanin, told the Security Council of Afghanistan's "grave concern" over coalition military tactics there, calling on the coalition to minimize use of air strikes and coordinate its actions with the Afghan government...
...rolled back in much of the south and east of the country, even an August poll would remain in doubt - despite the fact that Karzai's term of office ends in May. But the criticisms he raises resonate with much of the Afghan public, which is particularly angered by air strikes that often inflict civilian casualties. Arming local warlords to fight the Taliban, Karzai warns, has had a disastrous effect in the recent past and would most likely reinforce Afghanistan's anarchic trend. Distancing himself from the counterinsurgency war in his country may be a calculated election strategy on Karzai...