Word: bankes
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Dates: during 2000-2009
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...That isn't to say Daewoo's demise wasn't painful. The government and banks stage-managed Daewoo's unwinding to soften the blow to the economy. The group was broken apart. Some assets were sold. (Ironically, GM acquired some of Daewoo's car company.) Other affiliates got debt restructurings; a government agency bought up Daewoo loans from the financial sector at a discount. Billions were lost. But the whole concept that Daewoo was too big to fail proved false. The reality was that Daewoo had become more burden than boon. Many of the loans it had gobbled up were...
Americans in the economic trough this holiday season will find fantasy solutions to their money woes in the weekend's two big new movies. Wouldn't it be nice if Jim Carrey were your local bank officer, who smilingly approved every loan, even if your need were bizarre and your collateral nonexistent? Wouldn't your soul be soothed if Will Smith were a Treasury agent who gave you a six-month extension on the pile you owe the IRS? You needn't be a financial tycoon to get a home- or pension-saving Christmas gift - not when these two stars...
...When we meet him, Carl is living by the Alcoholics Anonymous mantra that "no" is a complete sentence. He gamely deflects every dinner invitation by inventing outlandish excuses about how busy he is. At the bank, he automatically rejects every loan application. He can rouse himself to passion only when watching a Saw movie in his cocoon of a home, cheering on the man who has to amputate his foot: "Oh, come on, you're halfway through, cut it off already...
...mindscape. The word from this shock-haired swami (Terence Stamp) is "Yes." By saying yes to every chance that comes your way - a homeless man's plea for your money, a street peddler's flier for a band concert, a loan request from any indigent who wanders into the bank - you will open yourself to unexpected possibilities in life and love. You may also end up broke, bereft and unemployed, but that's a different movie. (For one: It's a Wonderful Life, or most...
...scene in the regions of the country that have been driving China's double-digit growth. China's exports dropped last month for the first time in seven years, and as many as 9 million migrant workers are estimated to be returning home due to the slowdown. The World Bank and others say growth next year could drop to below 8%, a number that the government needs to maintain to prevent a destabilizing level of unemployment. Economists warn that even if China makes its 2009 targets, the first half of the year could see much slower growth than the second...