Word: bankes
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Dates: during 2000-2009
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...shipping industry remains a good indicator of the state of global commerce. "Shipping is the thermometer of globalization," says Baccelli. "It allows us to take the broadest view of the health of the worldwide economy." Global trade is expected to fall 2.1% in 2009, according to the World Bank. The coming months will show whether shippers, and the world, will be able to bail fast enough to stay afloat...
...power comes in and that pushes them." What's more, says Galieti, the pyramid structure of a Ponzi scam means that there can be only one person at the pinnacle - an appealing idea for a narcissist who would just as soon not work invisible frauds inside a big investment bank...
...calls daily from those who have lost their financial lifeline due to this mess. This wasn't a slow-fade-to-ruin crime, but a flip-the-switch-to-poverty crime, and many are now in an adrenal-driven shock stage of having no money - at all - in the bank. The ruin is especially tragic among retirees hit by this pre-holiday bomb...
...flew down to Florida last week to help his parents sort out their new reality. "My mother is the practical one, she says, 'If we have to live this way now, we will. Those who will make it through this are those that don't identify themselves with their bank accounts, they will transcend this. Those whose egos and self are wrapped up in their assets will be lost...
...presidency is an insignificant event. He regularly criticizes major E.U. policies, has refused to sign the Lisbon Treaty and dismisses E.U. climate-change legislation as a "silly luxury" that will exacerbate the international financial crisis. A 67-year-old economist who helped build the Czechs' postcommunist democracy, Klaus likens bank bailouts to "old socialism...