Word: haven
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Dates: during 2000-2009
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...species have long lifespans and slow reproductive cycles, wildlife recovery has been slow. Pacific herring - a keystone of both the commercial fishing industry and the marine food web in Prince William Sound - were spawning at the time of the spill, and were hit particularly hard. "The herring stocks still haven't recovered," says Colburn...
...least not so far. We haven't yet heard the last word on ratings agencies...
Investors keen to protect their precious cash have sought security in all the usual places in recent months. The U.S. dollar, the Swiss franc and the Japanese yen - each with a history as a safe haven - have all provided homes for nervous depositors' cash. But as the economies of those three countries flounder, it's time to look around, and smart investors think they've discovered a new harbor to protect them from the choppy economic seas. "The best safe haven currency," analysts at banking giant HSBC wrote in a research note this month, is Norway's. According to HSBC...
...default in Norway - a key measure of a currency's safety - is the lowest of those countries. With Norway's output expected to shrink by a modest 1.2% this year, far less than in most of the world's leading economies, the krone, HSBC said, represents "the ultimate safe haven." (See pictures of the Top 10 scared traders...
...floods of cash, "Norway doesn't have that financial infrastructure. And there's no bond market to speak of." That means that while "it's a nice currency to be invested in, from a practical perspective, of someone who has a huge pot of money and wants a safe haven, they just couldn't put it all in Norway," according to Thomas. "The economy's not set up to be a safe haven." Perhaps it's back to stashing cash under the mattress...