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The supposedly worst-case losses and resultant capital needs of Cyprus's banks were calculated last summer in an exercise conducted by Pimco, the US bond fund manager.
CNN: Cyprus bank chief seeks to allay fears
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Those who bought the stock, particularly in the early part of the summer before trading and investing in FB became a bottom-picking exercise, did so based on expectations that have almost certainly been dashed against the rocks by now.
FORBES: NYT Puts a Name on Facebook's Failed IPO - And It's Not Zuckerberg
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The Environment Agency said Exercise Watermark was England and Wales's biggest emergency planning exercise, and was one of the recommendations made by Sir Michael Pitt in his review of the summer 2007 floods.
BBC: Thames Valley, Surrey and London flood plan tested
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In fact, in the summer of 2012, the CDC reported that more Americans were walking for exercise, with those who walk being nearly 3 times more likely to meet the recommended level of physical activity.
FORBES: Brisk Walking or Running: Both Reduce Risk for Heart Disease
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When its profitability dipped last summer, according to its SEC filings, Inktomi was forced to exercise a purchase option--in essence to repay Deutsche Bank for the loan on the building.
FORBES: Buy High!