Word: falling
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Dates: during 2000-2009
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...private equity and leveraged buyouts don't work, and even if the credit crisis I'm predicting doesn't happen - even if the economy recovers and some of the companies can refinance and push their debt off - the core practice is still destructive. Many of these companies will fall apart anyway. In the 1980s, when Michael Milken was funding buyouts, 52% of the biggest 25 companies acquired ended up going bankrupt. I did a study of the 1990s, ideal economic times, and with 6 of the 10 biggest buyouts, the companies clearly were worse off 10 years later. In three...
...Were we Americans alone in our troubles? Hardly. The Asian tsunami of 2004 killed more than 200,000 people. And our financial meltdown quickly spread around the developed world. Yet from our lofty perch overlooking the 20th century - the American Century, TIME's co-founder once labeled it - the fall has been precipitous. Who among us is unscathed? Not many. Even if none of your family members died in combat, you had no money with Madoff and you own your house free and clear, you most likely still took a hit. To paraphrase the question Ronald Reagan posed years...
President Obama is reported to be near a decision on troop reinforcements. Yet reports indicate that the plan could be considered “McChrystal light,” wordplay on the popular drink, because the amount of troops that may ultimately reach Afghanistan will most likely fall short of the general’s request. Troops will most likely begin arriving in Afghanistan in January, leaving the troops on the ground with several months of unassisted operations. Any operation will result in failure if not provided with adequate manpower, and nowhere is this more apparent than in military operations...
...Earlier this year, the Associated Press found that across the U.S., the stimulus plan was "set to spend 50% more per person in areas with the lowest unemployment than it will in communities with the highest." In Illinois, President Obama's home state, a Chicago Public Radio investigation this fall found that less than 10% of the Department of Transportation's stimulus contracts had gone to "disadvantaged business enterprises," or DBEs, even though the state says it benchmarked almost a quarter of the dollars for those minority- and women-owned firms. Less than 2% of it had gone to black...
...expected to generate 2,200 tons of garbage a day by next year, a local official told the state-run China Daily newspaper. A site for an incinerator to replace two overtaxed landfills was proposed in 2006, but residents say they weren't informed about the plans until this fall. In one survey cited by China Daily, 92% of residents thought the incinerator would harm their health, and 97% were opposed to its construction. (See pictures of China's electronic waste village...