Word: crashes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
After the stock-market crash of 2001 and 2002, the Fed worried that inflation was so low it might turn into deflation. So it cut short-term rates even further, reducing them to 1% in 2003, while the yield on the 10-year Treasury bond--a key benchmark of long-term rates--dropped as low as 3.13%. The result: a real estate boom, as ultra-low mortgage rates made houses affordable at ever higher prices. Cash from refinancings and home-equity loans also kept consumer spending strong. By mid-2004, confident that deflation was out of the picture...
...strong, times are still good for business in general. Recent jitters in the riskier parts of the bond and loan markets may slow the private-equity boom (private-equity firms use borrowed money to purchase the likes of Chrysler and Hilton) but don't necessarily presage a crash. The Federal Government, which gets an ever higher percentage of its revenue from the minority of taxpayers who are profiting from the global boom, is making out O.K. as well. But the era of easy money, when ordinary Americans could count on borrowing their way out of trouble, looks to be over...
...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...