Word: fractionalized
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Dates: during 2000-2009
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...mural. When it was located in September 2003 in a warehouse outside Mexico City, its surfaces deeply cracked from exposure, she made the recovery, restoration and return to Japan of Myth of Tomorrow her last project as director of the Taro Okamoto Memorial Museum. She paid a fraction of the millions of dollars for the painting that Hirano says were spent transporting and restoring it. When it came to bringing it home, he says he and Toshiko explored every possibility of transporting the mural intact, but "even the pros couldn't do it ... I threw up my hands." Eventually they...
With speculators' positions massively leveraged, holding only a fraction of the value of the oil they had purchased, they scrambled to cover losses. Not only did oil prices go down, but other assets also declined significantly. The further oil prices went down, the more deleveraging and liquidation had to occur to cover these losses. The financial crisis was the spark; deleveraging, the fuel. A chain reaction occurred as traders who had bought oil saw their money disappear in oil and other losing investments. And with a credit crisis looming, major players interested in maintaining a long position could not raise...
...invest in troubled banks. A TIME.com analysis of public records shows that nearly one-third, or $216 billion, of the $700 billion that Congress approved to be spent just six weeks ago has already been spent or will soon be sent to just 67 banks. That's a small fraction of the up to 1,800 financial firms that are expected to apply for government assistance...
...Navy inspections of the San Antonio have found a raft of problems so baked into its design that many Navy officials fear it can never be made right, despite its price tag's having risen from $644 million to $1.8 billion. "Some significant fraction of the welds in that ship were flawed and had to be redone," John Young, the Pentagon's top weapons buyer, told Congress in June. "I shouldn't be forced to pay on behalf of taxpayers any price for any level of deficient performance." Still, that's just what the Navy did, forking over an additional...
...shows Obama up by 12 points among likely voters. John Kerry won the state by 144,000 votes in 2004. Polls show Obama strong in all of the same places Kerry was strong - and he has something like 500,000 newly registered Democrats behind him. Even if only a fraction of those new Democrats turn out on Tuesday, it's hard to see how McCain can pick up enough votes to offset all those extra votes. A McCain victory at this point, Madonna said, "would go against everything we know about the state." - By Sean Scully / Philadelphia...