Word: backed
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Dates: during 2010-2019
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...This year, Li is back on the West Coast - or rather, his eponymous sportswear company is - setting up its first U.S. retail store in Portland, Ore., not far from the headquarters of archrival Nike. This isn't the first time China's biggest shoe company will go toe to toe with Nike, which has aggressively marketed itself in China. But for once, it won't have home-court advantage. Eyes are on the Portland area, also home to Adidas America and Columbia Sportswear, to see if Li Ning can once again surprise the world by taking on American powerhouses...
...Even if most Americans don't know the Li Ning name yet, many will remember the man. After his historic 1984 performance, the tycoon leaped back into the Olympic spotlight - literally - during the opening ceremony at the 2008 Beijing Games. Suspended by cables, Li soared into the air and ran a slow-motion aerial lap around the Bird's Nest before lighting the Olympic cauldron in front of an estimated 4 billion television viewers - much to the annoyance of Adidas, which had spent some $80 million to sponsor the Games. (See pictures of the Beijing Olympics opening ceremonies...
...unpopular banks are the targets, better still. Few of Britain's voters will quibble with Alistair Darling's call Wednesday, March 24, for a global tax on banks to help recover the billions in public funds doled out during the crisis. "We intend to get all taxpayers' money back," the Chancellor of the Exchequer said during his budget speech to Parliament, his last before a general election expected in May. Charging banks to help do that, Darling added, was an issue on which "more countries agree...
...future catastrophe is hardly a foolish idea. Putting away at least some of the funds raised in the U.K. or U.S. makes sense. After all, almost all the big lenders who received cash from the U.S. Troubled Asset Relief Program in the current economic downturn have since paid it back. Britain's government, meanwhile, could yet turn a profit by selling stakes in its own partially nationalized lenders. (See 25 people to blame for the financial crisis...
...Benedict's No. 2 man in the Vatican, agreed with a letter the ailing Murphy wrote asking to be allowed to live out his life "in the dignity of my priesthood," noting his ill health and the years that had passed since the accusations. After about two years of back-and-forth arguments, according to the Times, Bertone told the Milwaukee Archdiocese to take "pastoral" rather than disciplinary action regarding Murphy. The priest died soon after, at the age of 72, and was buried in his clerical vestments...