Word: built
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Dates: during 2000-2009
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...country's booming economy, Goyal, 28, invested in stocks, confident that the seemingly sure profits would pad a comfortable lifestyle. The crash in global markets has been hard for him to accept. India's Sensex has fallen 45% from its peak in January; the Goyal family's net worth, built over years, has been decimated in weeks. From $12,000, their portfolio is down to $4,000 - a loss that totals more than half of Sandeep's annual paycheck from his job with a U.S.-based company. Leaving the room, the father fires a Parthian shot: "It's not good...
...world's state oil companies control some 90% of global energy resources. (Many of these companies invited in private investors in the 1990s only to throw them out later.) And by protecting parts of their economy at a time of massive global business consolidation, the state capitalists have built companies capable of competing, and winning, in industries that require scale. According to a study by the American Enterprise Institute research organization, unfree states have grown faster than politically free ones in the past 10 years...
...Residents of the county don't have to look far for the reason. The bursting of Spain's real estate bubble sent several major developers into bankruptcy and halted construction across the country. The number of houses built in 2008 is expected to fall by 70% from 2007. That's also fueling unemployment, which jumped by almost a third in September to reach 11.3%, Spain's highest rate since...
...right or wrong [Oct. 6]. This one is wrong. The burden will fall on the people who need this money much more than greedy executives do. The executives should go down, just as any of us would have to. I realize the economic implications, but this country was built on sacrifice, and we may have to sacrifice again. Nicholas Gamba, Sayreville...
...current mess did not begin with subprime mortgages. It started with Ronald Reagan and his myths of de-regulation - which have led to the false-fronted stores built from Karl Rove's architectural designs. The Republicans and their ideological ilk have peddled lies and we followed in lockstep. Dan Thompson, Union...