Word: fallout
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TODDLER TEETH turned deadly serious--and scientifically invaluable--in 1958, when pathologist Walter Bauer helped start the St. Louis Baby Tooth Survey to study the effects of nuclear fallout on children. By 1970 the team had collected 300,000 shed primary teeth, which, they discovered, had absorbed nuclear waste from the milk of cows that were fed contaminated grass. The study helped establish an early-'60s ban on aboveground A-bomb testing and led to similar surveys across the U.S. and the rest of the world. Bauer...
...Concern over a potential bid drove hundreds of the bank's employees to the streets Thursday to demonstrate their determination to preserve its - and thus, they hope, their jobs. But given the apparent interest by competitors in acquiring the bank - and the enduring fallout over how the bad trades could occur over months - some observers are now convinced the eventual purchase of Société Générale is just a matter of time...
...this is the disquieting risk facing Europe: that the fallout from violence wreaked by alienated terrorists can create still more alienation among peaceful, moderate professionals. Martijn de Koning, an anthropologist at the International Institute for the Study of Islam in the Modern World in Leiden, the Netherlands, interviewed a group of twentysomething Dutch Muslims before the 2004 murder of Theo van Gogh by a young Dutch Moroccan angry at the filmmaker's on-screen portrayal of Islamic culture. Back then, De Koning found his subjects were outraged by the fact that it was tough to be Muslim in the Netherlands...
...shares in China soared last year, "the idea [it] can decouple and not be affected by what happened in their most important export market [the U.S.] was always rubbish," says Stein, so long as domestic consumption can't make up for any shortfall. And neither is Asia resistant to fallout from the subprime snafu either. Analysts speculated Monday that Chinese banks could soon cough up to huge losses linked to exposure to the U.S. mortgage market. The Bank of China, for one, with almost $8 billion in subprime-related assets, is expected to shortly announce losses...
Except the markets aren't taking it that way. On Monday, stock exchanges around the world swooned, from east to west, as investors, spooked by more fallout from the subprime crisis and credit crunch, failed to be reassured that a $145 billion stimulus package rolled out by the Bush Administration would do much to keep the U.S. economy afloat. The main index in Hong Kong dropped 5.5%, its biggest percentage loss since Sept. 11, 2001. India's benchmark shed 7.4%. In Europe, Britain fell 5.5%, France 6.8%, and Germany 7.2%. Brazilian stocks dropped 6.6% and Canada's main index lost...