Word: crash
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Dates: during 2000-2009
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...worth remembering how Japan got to where it is now. The crushing collapse of the country's financial markets at the beginning of the 1990s exposed Japan to an economic debacle equivalent in scale to the one that laid waste the U.S. after the Wall Street crash in 1929 and the Great Depression. Scores of Japan's banks and insurance companies imploded, unemployment and bankruptcies soared, real estate values melted, and the credit system turned to mush...
...First to arrive on the scene were the value players, who saw in the crash the opportunity to find treasure. And diamonds there were aplenty; after all, Japan has a massive and highly sophisticated economy. Some of the early successes in recovery, such as Nissan, and Shinsei Bank, created from the shell of the bankrupt Long-Term Credit Bank, served to create an inkling of confidence. Companies began to clean house. Entire sectors of the economy were reorganized. Twenty steel businesses became four; nearly two dozen banks became three. Then China's explosive growth and a rebound...
What's key is that the wider car addresses what Pemberton calls G-force spikes, known to the rest of us as the crash. "It's the amount of energy absorbed over time," he explains. The farther the driver is from the impact, the more time the energy has to dissipate. To help it along, NASCAR has added front and rear crumple zones. It is also studying the addition of more crash protection for the right front, the most frequent collision point...
...First to arrive on the scene were the value players, who saw in the crash the opportunity to find treasure. And diamonds there were aplenty; after all, Japan has a massive and highly sophisticated economy. Some of the early successes in recovery, such as Nissan, and Shinsei Bank, created from the shell of the bankrupt Long-Term Credit Bank, served to create an inkling of confidence. Companies began to clean house. Entire sectors of the economy were reorganized. Twenty steel businesses became four; nearly two dozen banks became three. Then China's explosive growth and a rebound...
...worth remembering how Japan got to where it is now. The crushing collapse of the country's financial markets at the beginning of the 1990s exposed Japan to an economic debacle equivalent in scale to the one that laid waste the U.S. after the Wall Street crash in 1929 and the Great Depression. Scores of Japan's banks and insurance companies imploded, unemployment and bankruptcies soared, real estate values melted, and the credit system turned to mush...