Word: broke
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...there a credit crunch? Was there ever? Those questions may seem absurd. Throughout the autumn, the interest rate banks charge each other broke one record after another as trust between institutions evaporated, investors stashed so much cash in super-safe Treasuries that yields approached zero, and the private securitization market for mortgages, which keeps capital flowing for more home loans, disappeared. Lehman Brothers collapsed when no one would loan it money, and any number of other firms - AIG, Citigroup, GM - went hat in hand to the U.S. government, lender of last resort. (Read TIME's Top 10 Financial Collapses...
...Woodward. In the early months after the 1972 Watergate burglary, the Washington Post was nearly alone in trying to unearth the truth about the incident. But as more and more was revealed and after Judge John J. Sirica forced the initial burglars into cooperating with investigators, a feeding frenzy broke out among news organizations. It was likely the most competitive period in the history of the American press. As the story grew, home office editors put more and more pressure on their Washington bureaus to produce meaningful scoops not just about the origins of the break-in but also...
...studios' property, and anyone who dared protest - Bette Davis and Olivia de Havilland, for example - was suspended, effectively blacklisted for a time. The first SAG-studio contract was signed in 1937, but it was only following the Supreme Court's 1948 anti-trust decision against Paramount Studios, which broke the studio monopoly, that actors were set loose. Two years later, Jimmy Stewart negotiated his way into a percentage of Winchester '73's box office grosses - or points on the back end, a practice which remains in place to this day. (See the 100 best movies of all time...
...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...
...Baghdad press conference during the last official visit of his term. In many Eastern cultures, hurling a shoe at someone is a grave insult. Iraqi TV reporter Muntazer al-Zaidi's decision to fling his size 10s made him an instant hero to many, although some noted that it broke Arab rules of hospitality, not to mention the journalists' code of objectivity. But the sentiment behind the shoe leather was widely shared: Iraq may have more of a future now than it did under Saddam, but Iraqis are never going to be grateful for having been invaded. (It's unclear...