Word: crashes
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Dates: during 2000-2009
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...Washington, and into the warehouse, bursting into flames. Radio news correspondents didn’t know whether the plane had carried passengers or cargo, or the extent of the damage. “They don’t know anything!” yelled Laura. As we neared the crash site, the picture became clearer as the smoke grew darker. The plane had carried 176 passengers and people were trapped in the warehouse. The radio news program was tentatively blaming the crash on the runway’s lack of “grooving.” (Grooves cut into...
Outside, we encountered André Marino, 26. He had been in the terminal, listening to the air traffic control tower radio, when the plane crashed. An amateur pilot attending private pilot school at the Aeroclube of São Paulo, he said that listening in on tower communications is “almost a sport” for air enthusiasts. He had not heard anything out of the ordinary until the crash...
...current estimated death toll, including people in the street and those trapped in the warehouse, is over 200 people. The warehouse, unfortunately, was a 24-hour post, and thus many TAM workers were inside at the time of the crash. Some eyewitnesses said some workers escaped by jumping out of the second story and running from the building. But many died inside. By the time the fire waned it had already gutted the entire building...
...volume of M&A deals in the U.S. alone surged to $1.49 trillion in 2006--a level not seen since the tech boom in the late 1990s, when annual activity topped the $1.5 trillion mark just prior to the dotcom crash, according to market-research group Dealogic. And it's only halftime. Through early July, M&A volume totaled $1.17 trillion, up from $761.5 billion during the same period a year ago, the first time that M&A volume has topped the $1 trillion mark in the first six months of a year. Private equity accounted for about...
...Despite signs suggesting a cooling off, there are good reasons not to fear a housing market crash. By the time house prices tanked in the early 1990s on the back of a boom in previous years, interest rates had hit an eye-watering 15%, analysts at Bank of America point out in a recent note. That's a long way off today's level. And unemployment neared 10% in 1991, triggering record numbers of home repossessions. With today's jobless rate at 5.4%, comfortably below the level in Europe's other major economies, the labor market offers a good deal...