Word: crashes
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Dates: during 2000-2009
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Austrian far-right politician Joerg Haider, who was killed in a car crash in his home province of Carinthia very early on Saturday morning, was his native country's best-known person, his sharp and perpetually tanned features ubiquitous on television and magazines. He was also Austria's most polarizing figure, with an impact far beyond that country's borders. During a long and checkered career, Haider stood out from the crowd of post-war Austrian politicians with his good looks, athletic lifestyle and devilish talent for provocation. But he was also a populist and demagogue who played...
...value. I invest, but now I don't know how to invest because everything is going down, so I keep watching and worrying about it." Other Asians are taking a philosophical view of the worsening crisis. Dorothy Wong, 49, a psychiatric counselor in Hong Kong, says that a global crash could change laissez-faire attitudes about money. "I think the world needed this, actually," says Wong. "My kids and my friends' kids are spoiled. We made lots and lots of money, and we gave them the impression that it's easy and assured. So this is all a good lesson...
...Jakarta in 1999, when the cartel - which produces more than a third of the world's oil - opted to raise its production levels. Within weeks Asian stock markets tumbled, driving world oil prices down to $11 a barrel. Oil officials in Saudi Arabia and elsewhere have cited that price crash as the reason they've rebuffed pleas from President Bush to pump more oil. Says Benali: "Countries have learned the lessons of the past...
...extent of the current crisis, called yesterday for "at least 150 basis points (1.5 percentage points) on average globally." Roubini also backed the idea of deposit guarantees, guaranteeing interbank lending and other measures. "At this point, anything short of these radical and coordinated actions may lead to a market crash, a global systemic financial meltdown, and to a global depression...
...indexes in Asia and Europe opened trading with breathtaking falls of up to 10%. Though most markets partially rallied to limit losses to single digits, it represented only the most recent in a series of bearish days that threaten to transform a global credit crisis into a global economic crash. Does this make sense...