Word: crashes
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...Appealingly sturdy in Casino, Craig is near-mute here. This Bond is a crippled titan, "blinded by inconsolable rage," as M gently puts it; he shows as much emotion as a crash-test dummy and endures nearly as much damage. But since MI6 currently has more turncoat agents than a Whack-a-Mole game, and Bond is the functioning spy M can trust, he's obliged to save the world on his own, while other branches of the government want him captured or killed...
Remember those defined-benefit programs through which companies promised a certain amount every month to retirees? The market crash may be dealing that already waning concept a final, fatal blow. A new report from Goldman Sachs' Global Markets Institute illustrates that massive equity losses have resulted in S&P 500 companies' pension funds, which had been overfunded at the start of the year, fading so fast that they are now underfunded as a group. Instead of holding 108% of the assets they were promising to provide to retirees, they now hold just 91% (and falling...
...similarities that wouldn’t otherwise be obvious. The routine parts of life—worries about what the boss will say, or the wife will do, or the men will think—are emphasized even more against the backdrop of absurd calamities—a plane crash, an organ rupture, or a sinking city. Even in extraordinary circumstances, the ruts of their daily life are too deep to escape. Through these strange but memorable stories, Tsutsui invites the reader to explore the ridiculous. One just hopes that some readers will respond to his invitation. After all, aren?...
...Causes of the Crash Reading about the subprime loan debacle, I am amazed that nobody seems to have asked the simple question: What will happen if a large number of these loans default? [Oct. 20] Or was it only greed that made everybody turn a blind eye to the possibility that the bubble could ever burst. Did no one consider that if the subprime-mortgage market crashed, thousands of families could have their lives turned upside down virtually overnight? Frederik Steenbuch, Oslo...
...total, $25 billion - some $319 billion in today's dollars - was lost in the 1929 crash. Stocks continued to fall over subsequent weeks, finally bottoming out on November 13, 1929. The market recovered for a few months and then slid again, gliding swiftly and steadily with the rest of the country into the Great Depression. Companies incurred huge layoffs, unemployment skyrocketed, wages plummeted and the economy went into a tailspin. While World War II helped pull the country out of a Depression by the early 1940s, the stock market wouldn't recover to its pre-crash numbers until...