Word: crash
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Dates: during 2000-2009
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...February 2003, three American contractors crash-landed in the Colombian jungle and were captured by FARC, the country's long-lasting Marxist rebel group. For the next five years, the three were held hostage--many of their captors little more than brainwashed youths with guns--facing snakes, insects, disease and constant movement from one dank jungle camp to the next. But the character earning the most scorn in their lengthy account turns out to be a fellow captive. French-Colombian politician Ingrid Betancourt, whose rescue in the same mission that freed the authors made world headlines, comes...
Driving Miss Crazy: MORGAN FREEMAN sued by passenger over auto crash...
...pictures of the stock market crash...
...past few months, though, Kapitalizm's jaws have snapped shut. The global credit crunch has hit the economies of Eastern Europe hard. In Hungary and Latvia the International Monetary Fund has stepped in with emergency aid. (Latvia's government collapsed anyway.) Currencies have crashed, leading the European Central Bank to help Hungarians and Poles keep paying their foreign currency-denominated mortgages by pumping in euros. The fear now is that the region's banks could collapse, especially if Western banks yank credit lines to eastern subsidiaries. Such a move would be counterproductive. Western banks, particularly in places such as Austria...
...With all due respect, the senator should know better. The Smoot-Hawley Tariff Act of 1930, perhaps the best-known protectionist law in history, erected tariff barriers for over 20,000 products after the Wall Street crash in 1929. It may have gotten the lawmakers that passed it reelected, given the short-term boost in domestic demand, but it was a cataclysmic event for the global economy in the medium and long run: Countries soon became entangled in a protectionist race and subsequent trade war that caused American foreign trade (imports and exports) to almost halve. According to Milton Friedman...