JPMorgan's losses stem chiefly from the derivatives in the hedge that sells protection.
The companies dispute the estimates of their subsidies and say that their advantages over rivals stem chiefly from better management.
Both are leading candidates to succeed Benedict and are on opposite sides in a vital debate: whether the church's sex-abuse woes stem chiefly from structural problems in the church, such as (implicitly) priestly celibacy, or from sinfulness (which is Benedict's position).While that smoulders at the top, another row is flaring at the grassroots.
These errors stem chiefly from the underlying erosion models, significantly hindering understanding of erosion dynamics in suspension ows and design of plant equipment with improved erosion characteristics.
Following a reform of the corporate income tax in 1996, with a positive impact on revenue, the period 1997 2007 was characterized by tax decreases, stemming chiefly from revisions of the personal income tax (in 1999, 2003 and 2007), and the corporate income tax (in 2007), coupled with changes in social contributions and indirect taxes.
The question now is whether China, South Korea and Taiwan could do to Japan what Japan did to America.Worries about the sustainability of Japan's lead stem chiefly from a belief among some executives and officials that Japanese firms are not doing as much as they could to realise the value of their technology.
But the project stems naturally from his research, chiefly the "new growth theory" that he helped develop in the 1990s.
It also comes from strong industrial-production numbers, stemming from booming exports, chiefly to Germany, and in Poland's case from a big fiscal stimulus (the deficit peaked at 7.9% of GDP).The fatal weakness of the old model was its reliance on rapid credit growth.
The activity stems partly from new leadership.
New stems grow from these growth buds.
