Word: crashing
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Dates: during 2000-2009
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...landing can be engineered. A hedge-fund manager in Shanghai notes that AIG, the insurance giant, tried this month to raise $1.3 billion to launch a China stock fund-and fell $400 million short of that goal. "There are signs that this is going to cool off, but not crash," he insists. Jun Ma, a Deutsche Bank economist in Hong Kong, says the recent rate hikes should keep inflation in check, and without inflation, there's no real risk of overheating...
...exquisite sense of timing by playing along to the creak of an old ceiling fan. Naturally left-handed, he taught himself to play on a right-handed guitar because it was cheaper than a model strung for left-handers (and this is how he still plays). A car crash in his early 20s ("we were road racing and I drove my car into a ravine") gave him the limp that he still walks with at 45; in his head are two drainage holes, covered merely by a thin layer of skin, bored during brain surgery, the legacy of another smash...
...spend our lives "engaged in small talk, focusing on the known," while Black Swans-- dramatic, unpredictable events--shape the course of history, says mathematical investor turned philosopher Nassim Nicholas Taleb. Sept. 11, World War I and the Wall Street crash of 1987 are all demonstrations that "the world is dominated by the extreme, the unknown and the very improbable." A follow-up to his Fooled by Randomness, about the role chance plays in life, The Black Swan is a provocative macro-trend tome in the tradition of The Wisdom of Crowds and The Tipping Point. Taleb draws on history, philosophy...
...sightseeing this time. In those intervening ten months, Iraq had become a very different place, but not at all in the way that the U.S. government had intended. How did it get that way? Through a series of decisions that, in retrospect, look like a slow-motion car crash...
...thrilled spectators since 1946. Their high-speed, tight-formation flying routines, however, can exact a dear price. Some two dozen Blue Angel pilots have died in air shows or training accidents. The latest casualty is Lieut. Commander Kevin Davis, whose F/A-18 Hornet clipped a stand of pine trees before crashing into a Beaufort, S.C., residential neighborhood. The cause of the crash is unknown, but as former Blue Angels pilots have noted, such aerial acrobatics leave no room for human or mechanical error. Davis...