Word: auction
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Dates: during 2000-2009
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After the French Revolution, Dom Pérignon's legacy was kept hushed until the 20th century, when it re-emerged as a sensation. In 1936, Doris Duke purchased 100 bottles of the first vintage sold in the U.S.; 68 years later, a case of that vintage sold at auction for nearly $25,000. Grace Kelly requested that it be served at her wedding to Prince Rainier, Elizabeth Taylor celebrated her 1961 Oscar win over a bottle of it, and Aristotle Onassis was known to keep a chilled bottle at the ready at Maxim's restaurant in Paris. Marilyn Monroe...
...hands of banks, which really don't want to be in the real estate business. These properties are known as "real estate owned" or REOs, which is typically a house or condo that gets repossessed by the lender, usually after failing to sell at a foreclosure auction...
...last week, events took a turn for the worse. Negative reports on consumer default rates and troubling statistics on commercial loans unnerved investors. Two moves by Citi - taking $80 billion in risky assets off the auction block and transferring some mortgage-related securities held in an off-balance-sheet vehicle back onto its books - spooked shareholders already wary of what unknowns might be lurking. On Nov. 18, the company announced that it would be laying off about 50,000 of its employees, or 20% of its global workforce...
...They added 51,000 acres of tracts near Arches, Dinosaur and Canyonlands without telling us about it.' CORDELL ROY, Utah's chief park-service administrator, blasting the Bureau of Land Management for its plans to auction land near the iconic Arches National Park for oil and gas exploration...
...state director SELMA SIERRA, denying that her agency failed to notify the state's park service about the December auction...