Word: coups
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Dates: during 2000-2009
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...Wells Fargo Loan losses: When Wells Fargo acquired Wachovia late last year, it more than doubled its loan book. In good times, that would be a major coup. These days, it's major trouble. Home buyers owe the bank $360 billion, up from about $150 billion just three months ago. Next, Wells has $154 billion in commercial real estate loans, as well as $200 billion in other types of commercial debt. Apply Roubini's overall 13% loss projection, and the conclusion is that Wells may be sitting on a $117 billion loss...
...Chávez’s social-welfare programs in action. In 2006, Chávez refused to renew the broadcasting license for Venezuela’s second largest TV station, which had voiced opposition to Chávez’s policies and may have endorsed a coup against Chávez in April 2002. There are also reports of Chávez sending gangs to harass journalists critical of his administration and laws that require all media outlets to broadcast his speeches in full...
...draws political oxygen from confrontation with the U.S., reacted to Obama's charge by suggesting that the new U.S. leader has the "same stench" as Bush (whom Chávez accused of backing a failed 2002 coup against him). But anyone who has ever sat down with Chávez knows he's a more reasonable personality one-on-one than he is with a microphone in front of 50,000 people. As a result, say Chávez supporters, Obama should rely on the more dialogue-oriented foreign policy he promised in dealing with Chávez. (The President...
...Khmer Rouge took root in Cambodia's northeastern jungles as early as the 1960s, a guerrilla group driven by communist ideals that nipped the periphery of government-controlled areas. The flash point came when Cambodia's leader, Prince Norodom Sihanouk, was deposed in a military coup in 1970 and leaned on the Khmer Rouge for support. The prince's imprimatur lent the movement legitimacy, although while he would nominally serve as head of state, he spent much of the Khmer Rouge's rule under house arrest. As the country descended into civil war, the Khmer Rouge presented themselves...
...indispensable to Venezuela, an oil-rich country that has terrible internal problems, most notably a lack of durable democratic institutions and entrenched economic inequality. In fact, he was originally an army paratrooper who became famous in 1992 when he attempted to overthrow the constitutional government in a failed coup d’etat. Old habits die hard...