Word: behemoths
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Dates: during 2000-2009
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...something funny happened as the Europeans smugly watched the American behemoth stumble: the not-so-almighty dollar began to rise. Since mid-July the greenback has gained more than 16% against the euro. And why? Because for all its troubles, the U.S. still looks like a safer and ultimately more profitable haven than Europe, with its irreducible jobless rate of about 8%, or those trendy emerging markets that have now crashed back to earth. You would have thought the U.S. would be hemorrhaging trillions by now; instead the rest of the world is learning to love its currency again...
...body count is, to be sure, an astonishing one: in less than a year, three of the nation’s five independent investment banks are gone, and a major insurance company and two behemoth mortgage firms have been effectively nationalized...
...there's no longer anything trifling about Charlotte. With $2 trillion in assets being managed from the glossy bank towers of Tryon Street, the city is now the nation's No. 2 financial center behind New York City. In early September, Bank of America, the behemoth of North Tryon and the largest U.S. bank, swallowed the beleaguered investment firm Merrill Lynch, while Wachovia, its competitor on South Tryon, considered a merger with Morgan Stanley. And while the rest of the country is sinking, Charlotte is soaring, with 28 construction cranes downtown. It's got the nation's least-battered metropolitan...
...much for "Masters of the Universe." On Monday, being an employee of Lehman Bros. looked about as much fun as a perp walk. Overnight, the 158-year-old Wall Street behemoth filed for Chapter 11 bankruptcy protection, a stunning collapse that may leave thousands of employees without jobs. With $639 billion in assets, the firm's filing is the largest in history. Throughout the day, as media crews hovered around the entrance to the firm's Midtown Manhattan headquarters, some of Wall Street's best and brightest trickled out onto the pavement, their faces crestfallen and their ties yanked askew...
...options were immediately available. Most Evangelical do-gooding in the past century has been accomplished through Christian aid-and-development organizations like the behemoth World Vision. They work a lot like secular NGOs, maintaining a few dozen paid employees who manage long-term aid and community projects in poor areas for decades-long stretches. More recently, another model has emerged: each year, often during school breaks, about a million short-term volunteer missionaries in gangs of about 15 briefly saturate the Third World, enthusiastic if often ill-prepared, to build houses or dig wells and/or share the Gospel for about...