Word: fallouts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Levees and floodwalls are being repaired and fortified; washed-out neighborhoods are repopulating. But on the eve of the second anniversary of Hurricane Katrina, New Orleans is grappling with fallout from the storm that could prove even harder to repair: ever worsening relations between the city's white and black residents...
There are four reasons why investors everywhere should fear the ongoing fallout from the bust in the U.S. housing market. First, U.S. housing-credit problems have spread to other sectors. Not only have several hedge funds suffered or failed as a result of their exposure to U.S. mortgage products, but some banks and insurance companies as far afield as Australia, Germany and Taiwan have also run up large losses. And they are likely just the beginning, with major firms like Goldman Sachs and Bear Stearns announcing in recent days that some of their own investments have been badly hit. Second...
Urban is now dealing with the fallout: 18,000 calls in the past 10 months. Calls from people like Essie Kemp, who lives in the hard-hit neighborhood of Montbello. Kemp is faced with losing the home she has lived in for 23 years, since she can no longer make the payments on her refinanced mortgage. She wanted to have money to buy an air conditioner and fix her pipes. What she got was an adjustable-rate mortgage that spiked after two years. It wasn't until she went to see a housing counselor that she realized her income...
...will be exceptionally rough. Chinese society today is a moral and spiritual vacuum. People care only about making money, not for one another. If the economic pie grows smaller, people will fight one another ferociously for a piece of it. Things could get brutal, and we will feel the fallout in Hong Kong, too. Elsewhere, NGOs and religious organizations help out during hard times. But, in China, the Communist Party has gutted those civil institutions-the churches, temples, unions and cultural associations-that people depend on when times are tough...
...apparent American indifference should not be attributed just to a moral failure on the part of U.S. policymakers. Russia has gained impunity in part because of the effects of America's disastrous war in Iraq on U.S. foreign policy. Consider the fallout: Guantánamo has discredited America's long-standing international legitimacy; false claims of Iraqi WMD have destroyed U.S. credibility; continuing chaos and violence in Iraq have diminished respect for U.S. power. America, as a result, has come to need Russia's support on matters such as North Korea and Iran to a far greater extent than it would...