Word: crashing
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Dates: during 2000-2009
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...estimated for The Wall Street Journal earlier this week that the dollar must fall another 20 percent, and that the odds are only increasing that an unexpected blow to the U.S. economy, like a terrorist attack or a collapse of the housing market, could prompt a financial crash. “So far we’ve just seen a small ripple in the dollar and not the big tsunami that could hit someday,” he told the Journal. “That’s still a significant risk.” The dollar fell only moderately...
...question is whether something could happen in 2007 to drain away this liquidity. For most investors and policymakers, the nightmare scenario remains that of the post-1929 Depression, when a stock-market crash was followed by a spectacular wave of bank failures and a massive monetary meltdown. However, by blaming the Hungry Thirties on blunders by the Federal Reserve, we reassure ourselves that history couldn't repeat itself. Today's central bankers are smarter. But history provides an example of another liquidity crisis that went far beyond what central banks could cope with. Until the last week of July...
...like this would happen two years ago," says Dudi Soedibyo, senior editor at aviation magazine Angkasa. "The industry has grown too fast and we still do not have the systems or manpower to deal with this many airlines." Authorities in Makassar, South Sulawesi-the airport closest to the presumed crash site-were unable to pinpoint where the airplane went down. Early reports that the wreckage and a dozen survivors had been found in the remote mountains of Sulawesi-reports picked up by aviation officials and the airline itself-later proved to be based on nothing but local rumor. The last...
...Every year, more than 30 million passengers fly with small Indonesian carriers like Adam Air, which launched in 2003. Many have spotty safety records. A Boeing MD-82 operated by Lion Air crashed in Solo in 2004, killing 25 of the 141 people on board, and a Mandala Airlines Boeing 737 crashed in Medan, Indonesia's third-largest city, in September 2005, killing all 102 on board and 47 residents on the ground. In 2006 there were at least 15 aircraft accidents in Indonesia, resulting in 14 fatalities. One foreign resident tells of an Adam Air flight last year from...
...lunatics," he says grinning. "It was full of mad people. But now it is empty. Why not? The people outside are mad also." He slaps the driver's leg on the punchline and for a split-second I wonder whether the pair of them are laughing hard enough to crash. But then the driver guns the engine, and we flash past more ruins. "Somalis are very serious people," says Fanah...