Word: creditably
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Michael Jordan on its cover in 1991, and the U.S. Postal Service issued its first hologram stamp in 1989. Both quickly became collector's items. Homemade holograms are difficult to create, requiring lasers and holographic plates or film, which has made them effective counterfeit deterrents used on credit cards and identification documents. But movie-quality, 3-D holography - think Princess Leia in Star Wars - is a whole other beast. For one thing, researchers need to find a way to create moving, three-dimensional images of human beings without burning them with lasers. Researchers at the University of Arizona are developing...
...these, the rational thing to do is to ignore the front-page buzz and listen to what history and the numbers are saying: the odds are that stocks have further to fall, possibly much further. Short-term relief rallies, based on rays of hope that the worst of the credit crunch is behind us, are head fakes, and proof is easy to find. For example, in July, following the legislation to bail out the mortgage giants Fannie Mae and Freddie Mac, the markets rallied for four weeks, only to head south again as investors began to realize that the world...
...misery is only just beginning. The former Soviet Baltic republics of Estonia, Latvia and Lithuania had the highest growth rates in Europe until recently. But, hit by the global credit crunch and economic downturn, the Baltics are now leading Europe into recession. By some estimates, Estonia's economy may already be shrinking. "There's an Estonian saying: Every party ends in tears," says Maris Lauri, an economist at Hansabank, a subsidiary of Sweden's Swedbank...
Eastern Europe avoided the first wave of banking problems caused by the sub-prime mess, but as the global economy slows and credit dries up, there's plenty to cry about. Many of the region's capitals borrowed heavily to fuel the boom, and those bills are coming due. On Oct. 26, the International Monetary Fund (IMF) announced a $16.5 billion bailout for Ukraine, to prevent a run on its banks and shore up its currency. Three days later, the IMF agreed with the World Bank and the European Union on a $25 billion rescue package to restore confidence...
...cars bumped along cobblestone streets, while high-end restaurants catered to the new moneyed class, serving mojito cocktails and champagne for lunch. "It was like New York City in the 1980s," says Imre Kose, chef de cuisine at Vertigo, one of the city's trendiest restaurants. "Everything was on credit and everything was materialistic. It was amazing...