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The company spun off its Travelers Property and Casualty insurance underwriting business in 2002. The spin-off was prompted by the insurance unit's drag on Citigroup stock price because Travelers earnings were more seasonal and vulnerable to large disasters and events such as the September 11 attacks. It was also difficult to sell insurance ...
The pension fund still loses the $600,000 it has paid over three years, but without the CDS contract it would have lost the entire $10 million minus recovery. In addition to financial institutions, large suppliers can use a credit default swap on a public bond issue or a basket of similar risks as a proxy for its own credit risk exposure on ...
The 2008 farm bill renamed the Food Stamp Program to the Supplemental Nutrition Assistance Program (beginning October 2008) and replaced all references to "stamp" or "coupon" in federal law with "card" or "EBT". This was done to mark a more explicit focus on providing nutrition. It was also done to reduce usage of the stigmatized phrase "food ...
The chain profited from the mass popularity of citizens band radio in the mid-1970s which, at its peak, represented nearly 30% of the chain's revenue. Home computers. In 1977, two years after the MITS Altair 8800, Radio Shack introduced the TRS-80, one of the first mass-produced personal computers.
From 2000 to 2014, Ireland's Total Gross Tax-to-GDP ratio was 27–30%, versus the OECD average of 33%, and EU–27 average of 36%. In October 2013, the Department of Finance Tax Policy Group , highlighted the distortion of Irish GDP impacted this metric, and Ireland's Tax-to-GNP ratio at 36% was above the OECD average, and in line with the EU ...
Mystery Diners Brenda and Grant go undercover as a cashier and a customer, and discover that Rafael is using the kitchen to make food for the staff without the owners' permission, but is not behind the off-menu orders; cashier Aissa has been running a cash-only side business with her grandmother by selling off-menu items using the restaurant's ...
Day count convention. In finance, a day count convention determines how interest accrues over time for a variety of investments, including bonds, notes, loans, mortgages, medium-term notes, swaps, and forward rate agreements (FRAs). This determines the number of days between two coupon payments, thus calculating the amount transferred on ...
Sweden has a population of 10.5 million, and a low population density of 25.5 inhabitants per square kilometre (66/sq mi), with around 87% of Swedes residing in urban areas, which cover 1.5% of the entire land area, in the central and southern half of the country.
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