Word: fifth
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...Northern Rock, the U.K.'s fifth-biggest mortgage provider, came unstuck when the wholesale loan markets it leans on for a huge slice of its funds dried up amid the global squeeze on credit triggered last month. An emergency, short-term credit line, agreed with the Bank of England late last week, was supposed to reassure savers their cash was safe. Northern Rock, insisted the Financial Services Authority over the weekend, was "open for business...
...panic? Late Thursday, it emerged that the Bank of England had agreed emergency credit for Northern Rock, Britain's fifth-largest mortgage provider and the U.K.'s first bank to be left reeling from the global credit crunch. Jitters in the credit markets were triggered by the collapse of a U.S. subprime mortgage sector built on lending to home buyers with poor credit histories. With that risky debt having been spliced, repackaged and flogged to banks around the world, financial institutions are less keen to lend each other cash. And when they do, they're charging each other more...
...meet since 1998. Yale’s Jake Gallagher won in 25:43, but Harvard took second, third, and fourth, led by captain Brian Holmquest, who finished second in 25:55. He was followed by fellow senior Christopher Green and freshman Dan Chenoweth. Yale took the fifth and sixth spots, but seventh and eighth went to senior Andrew Lipkin and sophomore Chas Gillespie, wrapping up Harvard’s scoring. “I was pleased with the way the whole team ran,” Holmquest said. “We did what we should, given the time...
...Harvard coach Tim Murphy said. “We should have been able to pound it out, get the first down. They had no timeouts left, we can run the clock out.”Despite that, the Harvard defense appeared to be on the verge of making a fifth straight stop. On first down from his own 34-yard line, Randolph threw over the middle, only to hit Dorris between the numbers. After briefly appearing to secure the pick, Dorris dropped the ball, allowing the eventual game-winning drive to continue.“I think I caught...
Hard to believe, but the biggest college pigskin plotline of the season has included a team from Division I-AA, I mean, the Football Championship Subdivision. Eh…I-AA. When Appalachian State knocked off a fifth-ranked Michigan team in Ann Arbor two weeks ago, and the pundits immediately started ranking it among the greatest upsets in the sport’s history, the ugly sister of college football was thrust into the spotlight...