Word: crashing
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Dates: during 2000-2009
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...speak any foreign languages? I studied French in high school and German in college and I once took a 24-hour Italian crash course. English has by far the most words in it of any other language. Our money might not be worth anything anymore, but the language is. With everything else American going to pot, it's nice to know we've got a wonderfully rich language...
...Lehman's largesse. Indeed, as the financial crisis takes down some of the richest houses on Wall Street, the effects will ripple out to the charities that rely on them and serve the poorest in America's big cities and the rest of the world. The stock-market crash has already damaged the endowments of big foundations, universities and hospitals, while charitable giving from ordinary citizens seems to have decreased out of financial fear...
...Asia and emerging-market strategist for JPMorgan in Hong Kong, says that central bankers may follow Britain's lead by pumping liquidity into their banking sectors and underwriting loans between banks. "The situation is so serious that they will have to deal with it," Mowat says. "The collapse and crash this week means they must...
...historically." At the Guildhall, which is where the City administration is based, policy head Stuart Fraser is bracing for a slump as severe as the one in the early '90s, when house prices collapsed and unemployment soared. Still, he adds, "It's like the aircraft industry. A plane will crash occasionally but what you don't do is stop flying...
Financial panics--short-term, acute market upheavals that often coincide with long-term recessions--were common as the U.S. economy developed. There was the Panic of 1857 (prompted by railroad-bond defaults), the Panic of 1873 (sparked by a stock crash in Vienna) and the Panic of 1907, which started when shaky New York City banks quit lending. We learned a lot from those scares--the U.S. Federal Reserve was created in the wake of the 1907 Panic--and some believed we were too smart to panic again...