Word: crunching
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Dates: during 2000-2009
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...Although the Crimson has not been the best at closing out games this season, it displayed an all-around mental toughness that helped cleanly put away its archrival, which seemed to fall apart in crunch time...
...past few months, though, Kapitalizm's jaws have snapped shut. The global credit crunch has hit the economies of Eastern Europe hard. In Hungary and Latvia the International Monetary Fund has stepped in with emergency aid. (Latvia's government collapsed anyway.) Currencies have crashed, leading the European Central Bank to help Hungarians and Poles keep paying their foreign currency-denominated mortgages by pumping in euros. The fear now is that the region's banks could collapse, especially if Western banks yank credit lines to eastern subsidiaries. Such a move would be counterproductive. Western banks, particularly in places such as Austria...
First it was a “credit crunch,” then it was an “economic crisis,” and now a “global economic downturn.” But, with Japan in recession, Europe in recession, and the U.S. in recession, it is high time we face our fears: We are living through a global recession. Still, the worst may be yet to come—if policymakers continue to push for short-sighted economic nationalism, they will make sure this becomes the worst bogeyman of them all: a global depression...
...fight the economic crisis with monetary and fiscal measures. On the monetary side, even prudish authorities like the European Central Bank have joined the U.S. Federal Reserve and the Bank of England in slashing interest rates to create incentives for lending and borrowing. Amidst what started as a credit crunch, this was an essential step toward keeping economies afloat when trust suddenly evaporated not only for risky assets, but also for credit-worthy corporations...
...Tibet and sell arms to what the Chinese regard as a “break-away” province, Taiwan. We compete with China for natural resources and influence in the developing world. Now, the only reliable component of the equation, economic interdependence, is threatened by the global credit crunch, which is closing off China’s export markets and inducing it to spend more of its yuan at home, rather than in buying up U.S. treasury bonds...