Word: failed
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Dates: during 2000-2009
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...live in a way that dares us to actually grow old. "Never invest in any idea you can't illustrate with a crayon," Fidelity mastermind Peter Lynch advised, but we embraced all kinds of investments about which we understood nothing except the hollow promise that they would never fail. When the economy began to swoon we kept spending, effectively sending ourselves rebate checks from accounts already way overdrawn, as if it would make us feel better to buy a new TV and charge it to our kids. States fund their schools, which among other things are meant to turn children...
...most significant business failures of the past 25 years. (Failure is defined as "writing off major investments, shuttering unprofitable lines of business, or filing for bankruptcy.") The main reason for these flops, they found, was usually a bad strategy: "Once launched, the strategies were doomed to fail, and these failures probably could not have been prevented by even spotless execution...
...billion financial bailout package failed because most Americans wanted it to fail. Before the vote, members of Congress were getting calls 100 to 1 against the bill. The question is: why? It's easy to understand that bailing out rich bankers doesn't feel super, but why, despite all the efforts of all the country's leaders to fill citizens with fear of an economic apocalypse, did they not see a failure to act as a serious threat to their livelihoods...
...article, Miron argued that troubled financial institutions should be allowed to fail in order to protect the American taxpayer from the liability inherent in buying troubled securities, as the bailout bill proposes...
...betrayal that Americans have long felt for their representatives in Washington. The nation's credit crisis on Monday exposed a much deeper and more fundamental problem: a crisis of political credibility that now threatens to harm our nation further, should the markets freeze up and more companies begin to fail, as many experts predict...