Word: fell
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Dates: during 2000-2009
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...headlines by arguing that the time had come for the SDR to supplant the dollar as the world's "supersovereign reserve currency." A few days later, a U.N. task force recommended the same thing. Then U.S. Treasury Secretary Tim Geithner endorsed giving SDRs a bigger role. After the dollar fell in currency markets in reaction, Geithner backpedaled. But at the G-20 meeting in London, President Barack Obama joined the assembled heads of state in agreeing to a nearly tenfold, $250 billion increase in the amount of SDRs available to be lent out. (Read "China Takes a Small Step Away...
...companies. China was flush with cash and full of optimism--naive optimism, it turned out. Beijing's fledgling sovereign wealth fund China Investment Corp. poured $3 billion into New York City--based private-equity firm Blackstone in return for a 10% stake in the company--just before the bottom fell out of U.S. debt and equity markets. That deal was followed by a $5 billion purchase of a 9.9% stake in Morgan Stanley, whose share price has since fallen by more than half...
Communities like St. Helens often have more invested in the newcomers' success than they might imagine. A Pew Hispanic Center survey in November found that the median income for noncitizen Hispanics fell at a rate almost six times as high as that of other workers in 2008. In January 2009, a new report said more than half that group reported being worried that their home will end up in foreclosure. Many illegal immigrants are homeowners, and driving them from their houses would be a Pyrrhic victory for any community fighting blight. Salvador's father-in-law Alejandro, an undocumented immigrant...
...this country, they treat people who owe money worse than criminals," says Vila, 49, an employee of a health-insurance company. Earlier this year, she fell behind on her mortgage payments. On March 31, she received a call from an unidentified collection agency that said it worked with the bank who had issued her mortgage and informed her that the next day it would be sending three bullfighters to "take up a collection" on her behalf from her neighbors. "I'm a serious person. I've paid my bills my whole life," says Vila. "This is a really painful situation...
...roads behind it constitute the town's most popular restaurant and nightlife area, and there's enough litter piled about to prove it. We had excellent Mexican food at the new Reef Resort (Road to Serendipity, Sihanoukville; +855-012-315-338; bookings@reefresort.com.kh), a boutique hotel, and practically fell asleep afterward on the huge pillows spread out on the sand at Purple Lounge (at about the midpoint of Serendipity Beach). The town's former main drag, a 10-min. ride northwest of that area, is called Victory Hill. The crowd there comprises mostly older Western men and their young Cambodian companions...