Word: crunches
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...Basically, the only place quiet enough to study for me is a library, especially during crunch time," she said...
WASHINGTON: It's universally true: You can't go home again, ever. The universe, which has been expanding at a constant rate since its inception with the "Big Bang," is not ultimately headed for collapse. It will expand forever. Scientists now say that the "Big Crunch" theory, which holds that the universe will finally compress itself into a tiny ball of unimaginable density, appears to have been flawed all along...
Rest Easy, Chicken Little You can finally stop worrying about the universe collapsing ? experts have refuted the "big crunch" theory...
...many ways, the crisis in Korea is a worst-case scenario of what could happen in Japan. Both economies are dominated by an unholy trinity of old-school politicians, bureaucrats and industrialists, whose "crony capitalism" has loaded up their respective countries with untenable debt. The crunch came in Korea when a wave of bankruptcies by conglomerates, or chaebol, crashed down on the country's banks, flooding them with write-offs for bad loans. Defaults of a comparable magnitude in Japan's $4.2 trillion economy, which is nearly 10 times the size of Korea's, could turn the so-called Asian...
Longer-range, the worries for the U.S. economy are more global than homegrown. Japan is the major world trouble spot. Since 1990, it has suffered from sluggish output growth, a stock-market depression and a credit crunch. Now chaos in Southeast Asia endangers Japan's exports and loans to the area. Japanese investors, desperate to raise cash, might someday dump holdings of American securities; that would knock down stock and bond prices and shoot up U.S. interest rates. Weinberg sees a 1-in-100, but rising, chance of that happening--but contrasts that with a 1-in-1 million risk...