Word: broking
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Dates: during 2000-2009
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...Last week's riot, which involved more than 2000 demonstrators who broke windows, banged on pans and drums and hurled eggs and skyr, a kind of Icelandic yogurt, at parliament and at riot police, seems to have shaken Icelandic politicians. Two days after a throng of angry protesters beset his official car on Jan. 21, Prime Minister Haarde called a press conference to reveal that doctors had found a malignant tumor in this throat and that he would step down. In an unexpected move, Haarde called for an election in May, only days after firmly and repeatedly denying the possibility...
...problem was that in doing so, Thain broke another cardinal rule: Don't surprise the boss - especially on the negative side. Lewis was reportedly apoplectic about the size of Merrill's losses in the fourth quarter. But here's a question: What were BofA's risk managers doing? When BofA did its due diligence, it certainly went over Merrill's trading book. If the losses were tied to positions that had already been taken, then shame on BofA. If Merrill's traders made bad bets in the fourth quarter, it's worth asking again, Where were BofA's risk...
...into the ownership roundabout, Daimler is clearly looking for the exit. The German automaker owns a 19.9% stake in Chrysler but wrote down the value of the shares to zero last autumn (how's that for pessimism). Negotiations begun by Cerberus back in September to purchase Daimler's stake broke down. However, Daimler could transfer the Chrysler shares to Fiat for non-cash consideration such as patents or technology. (See pictures of the remains of Detroit...
PRISON BREAK is canceled three seasons after the characters actually broke out of prison...
...troops have joined the Congolese army to hunt down Hutu militia leaders suspected of orchestrating the 1994 genocide against the nation's Tutsi tribes. The alliance further undermines the authority of Tutsi rebel leader Laurent Nkunda, whose forces have split since fighting between Nkunda's militia and Congolese soldiers broke out in August. More than 250,000 villagers have been displaced by the fighting; Human Rights Watch reports that 650 people were killed in December alone. But some analysts say the region's violence has less to do with tribal conflict and more to do with the struggle over control...