Word: hardes
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...process of unwinding its large derivative-trading book; in the past few months, it has terminated as much as $1.1 billion in derivative contracts. Traders say Goldman Sachs, Citigroup and others have either driven hard bargains with AIG or made specific trades that would benefit from AIG's problems. Those moves are exacerbating the losses at AIG and increasing the cost of the insurer's bailout. "There is an argument to be made that the recent profits at the banks are because of AIG," says Bianco...
There's a mantra in AIDS treatment that every physician in the field knows by heart: When it comes to HIV, hit early and hit hard...
...told hard-charging professionals in the City of London just a few months ago that they should take a 20% pay cut to work one day less per week, they would have likely mocked the idea as a French socialist plot to undermine the British economy. But when the U.K. arm of accounting firm KPMG recently asked its staff if they would be willing to reduce their workweek - and thereby save jobs - in the event that business dried up, an overwhelming 85% signed on. About 200 employees in the tax division have already shifted to a four-day week, says...
Even the state seems to be shaking its hard-line stance. In January, it launched a Kurdish-language television station with a flashy Kurdish singer as main billing. "The state is recognizing, in effect, that Kurdish is a language and that it can be used to deliver a public service like broadcast," says Ahmet Birsin, of Gun TV, a local station...
...agonizing process of trial and error to master their craft. "Padraig is the hardest worker I've ever coached, and the most curious," says Bob Torrance, Harrington's 77-year-old swing guru. "[Former great Ben] Hogan was similar, both struggled early in their career. Both learned long and hard, and both became great...