Word: backings
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Dates: during 2000-2009
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...business growth, but that won't happen as long as banks sharply limit lending to smaller companies. For their part, bankers feel they are responding prudently to a tough economy by tightening loan standards across the board. And while some of the biggest banks are healthy enough to pay back the government's emergency loans made from the Troubled Asset Relief Program, many smaller banks remain in crisis. So far this year the Federal Deposit Insurance Corporation has shut down 133 banks that succumbed to a tidal wave of loan defaults. "Given the state of the markets there's only...
...incident in the predominantly Italian neighborhood of Bensonhurst in Brooklyn. But he pinpoints the real birth of the Guido subculture to the 1970s. If the movement has any guiding icon, it's young John Travolta and his many incarnations: Tony Manero in Saturday Night Fever, Vinnie Barbarino in Welcome Back, Kotter and Danny Zuko in Grease. Today, there are message boards for self-described Guidos and Guidettes to chatter (www.njguido.com). "It's a way to be a part of popular culture for kids who aren't invited to the party," Tricarico says. "It is defiant. It's identity politics...
...fact that it was named third best restaurant in the world on the prestigious annual list put out by Restaurant magazine. (No. 1 is Ferran Adria's El Bulli in Spain and No. 2 is Heston Blumenthal's Fat Duck in Britain.) The animal skin rugs thrown over the back of the chairs and the bleached wood remind you that this is ground zero for the new Nordic cuisine, in which a traditional focus on pickling, shellfish, a lot of rye and root vegetables is combined with the full panoply of a modern professional kitchen's tricks. Here, a single...
Still, concerns abound that if he's elected, Piñera faces heavy pressure from conservatives, especially in the military, to move Chile far back to the right. The recent exhumations indicate how nervous many Chileans are that the rightward shift will enervate the robust human-rights apparatus established since Pinochet stepped down after a 1988 referendum rejected his continued rule. Piñera himself opposed Pinochet in that plebiscite. But last month he told a gathering of retired military and police officials who served under Pinochet that he'll work to rein in the trials - "proceedings that...
...doubtful that even those morbid revelations can turn enough voters back to Chile's center-left coalition, the Concertación. President Michelle Bachelet, a moderate socialist and Chile's first female head of state, remains hugely popular; but Frei Ruiz, 67, hasn't been able to exploit her cachet and has instead come to symbolize the Concertación's staleness after two decades in power, especially as the global recession slows Latin America's most envied economy. Frei Ruiz's problems have been highlighted by the remarkable rise of a third candidate, Marco Enríquez-Ominami - born...