Alan "Ace" Greenberg chose his nickname to improve his chances with girls at the University of Missouri. But it is an apt (1) of his wading skills on Wall Street. This week, as the 73-year-old (2) down (3) chairman of Bear Stearns, the investment bank where he has worked since 1949 is in a high. It (4) an increase in post-tax profits in the second quarter of 43% on a year earlier, (5) a time when many of its Wall Street rivals have (6) . On June 26th Merrill Lynch (7) a warning that its profits in the second quarter would fall by half, far (8) of expectations. Goldman Sachs and Morgan Stanley have also reported lower profits.
Strange that this surprised. (9) Alan Greenspan’s frenetic cuts (10) interest rates, times are good for underwriters and waders of bonds, core activities for Bear Stearns and Lehman Brothers, (11) also recorded a sharp increase in profits. It has been a terri
A. recorded
B. logged
C. chronicled
D. noted
On the past few days, two nations with large numbers of AIDS-infected people have announced plans to distribute a triple cocktail of life-prolonging antiretroviral drugs free to all who need it. China has been treating 5,000 patients and plans to expand the program to cover everyone in the country. South Africa’s cabinet approved a plan that includes drugs for all who need them.
China spent years denying it had an AIDS problem. Until recently, South Africa’s top officials minimized the epidemic, questioned whether H. I. V. was the cause of AIDS and labeled antiretroviral drugs "poisons". Both countries have now taken a courageous and essential step.
But only one is likely to succeed. Indeed, China’s program is already failing. One in five Chinese who have received antiretroviral drugs has already stopped taking them, which can lead to the creation of drug-resistant strains of the virus. China has only about 100 doctors nationwide with e
A. it has more medical experts in AIDS than China.
B. its government shows more enthusiasm.
C. it devotes more money to this cause.
D. it's population of patients is decreasing.
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