Word: debts
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Dates: during 2010-2019
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...European Enterprise Institute, a Brussels-based think tank aimed at promoting entrepreneurship. "But the idea that any of these theories have anything to do with creating the current crisis is, of course, ridiculous." He says Greece is to blame for its own mess, having amassed a huge pile of debt from years of statistical fraud in Greece's public-accounts sector. "Politicians turn to conspiracy theories because they feel they need someone else to blame," Munkhammar says. (See the top 10 crooked CEOs...
...quite World War III, but tension over Greece's debt crisis has ignited a battle of words between Athens and Berlin, reopening old wounds and raising the specter of Nazism. As Greece struggles to avoid default, and Germans debate whether to bail out their spendthrift neighbor, the question of what, if anything, Germany owes Greece for the past has become a topic of bitter debate and angry mutterings in the southern European nation. The row began with a tongue-in-cheek magazine cover in the German magazine Focus. The Venus de Milo - known by Greeks as the Aphrodite for Milos...
...willingness to adapt to changing market conditions has rarely let it down. Founder Jim Casey was 19 at the turn of the 20th century, when he started his private messenger service in Seattle financed by $100 of debt. By 1930, UPS had expanded to the East Coast. Air service was available in every state by 1978 and in 200 countries 15 years later. "As World War II ended, we were still primarily delivering housewives' packages from the market," says Greg Niemann, a UPS exec who worked at the company from 1961 to 1995 and is the author of Big Brown...
...fulfill the American Dream of owning a home were not irrational in their decision to sign a contract for a home whose mortgage they clearly could not afford. The transaction occurred between the banks and consumers who were both financially dysfunctional, their financial dysfunction stemming from amassing excessive debt and experiencing mortgage aversion. These were, at times, educated people who made poor financial decisions and miscalculated the risks involved...
President Obama, during his State of the Union address, told the country that it was going broke. But the rules of road as they are facilitated debt accumulation and high leveraging of assets. Bankruptcy laws, first-time homebuyer tax credits, and non-recourse loans all give the uninformed consumer incentive to buy a new home. Lest we as a people and as members of the largest economy in the world go bankrupt, we need to make policy decisions that bind all parties involved to a common fabric...