Word: crashes
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Dates: during 2000-2009
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Banks collapse, stocks markets crash, billions flow to shore up the financial system. Yet Belgians responded to what may be the worst financial crisis in a generation Monday in their own quirky way: by going on strike...
...type situation could happen now - though there are few signs of hope on the horizon for solutions to alleviate the effects of the market crash. In September, employment continued to fall in construction, manufacturing and retail trade, according to the Bureau of Labor Statistics, which put the nation's unemployment rate at 6.1%. Shutoffs of electricity and gas are rising as families struggle to pay bills with the onset of winter weather across much of the country. And tent cities are beginning to pop up in places like Reno, Nev., and Seattle for the first time in decades...
...considering the hundreds of billions of dollars spent on the war in Iraq or the $1.2 trillion that vanished in the stock market crash last Tuesday, the $12 billion that would have gone into the Texas collider would have been well worth the investment. Plus, by the time the project was cancelled, the costs just to dismantle the thing ran past $1 billion...
...predicting a wave of bad debts will crash the Indian financial system and economy. That's because commerce on the subcontinent still runs mostly on cash. Dheeraj Dikshit, the head of consumer assets in India for U.K.-based bank HSBC, reckons that credit cards are used for only about 2% of all retail transactions. But cash-strapped consumers will still hurt economic growth. Many spend half their salary on car and house payments and will be forced to cut discretionary spending. Some sectors are already getting hurt. New car sales - 80% of which are financed - are slowing. Tata Motors reported...
...campaign trail. Since Obama selected him in late August, he has affronted Ohio voters with disapproving comments about building new coal plants; raised eyebrows by remarking how "attractive" Palin is; made a widely ridiculed remark about President Franklin Roosevelt addressing the nation on television during the 1929 stock market crash (Roosevelt, of course, was not President then, and TV didn't even exist); contradicted his own running mate on the wisdom of the government bailout of AIG; colorfully confronted Obama's stance on gun laws; and objected to his own campaign's negative television advertisement disparaging John McCain's computer...