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

And it was made worse when President Obama announced last summer that he would exercise his authority under the budget law to exempt military personnel from the cuts.

FORBES: Sequestration Threat To Defense Sector Begins To Recede

Target Ovarian Cancer, which conducted a mapping exercise of the disease this summer, also welcomed the promise of early tests.

BBC: CT scans

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!

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

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

The have-your-say exercise will last until 2 September and will include public meetings throughout the summer.

BBC: NEWS | UK | Scotland | Lomond park strategy is unveiled

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