Word: icebergs
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Dates: during 1990-1999
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...Antarctic's new breakaway republic -- a 2,751-square-mile slab of ice that detached from the Ronne Ice Shelf, in the southern Weddell Sea -- was announced by the National Ice Center on Thursday. Experts consider the ice on Antarctica to be quite stable, but the iceberg -- the largest recorded since 1987 -- should serve as a big reminder that global warming is still an issue with potential consequences far beyond the thermometer, says TIME science editor Philip Elmer-Dewitt...
Have you heard about the bartender who sank the Titanic? It happened on the record charts, not in the North Atlantic, and instead of an iceberg, the fatal blow was struck by Dave Matthews, a former barkeep turned leader of the Dave Matthews Band. After spending 16 weeks at No. 1, the once unsinkable Titanic soundtrack collided with Matthews' new album, Before These Crowded Streets. When it was over, Matthews reigned in the top spot...
After the game, women's basketball Coach Kathy Delaney-Smith told two Crimson reporters that what we saw against Slovakia was just the tip of the iceberg...
...explosion. "I've been an analyst for almost 20 years now," says Charles Peabody, of Mitchell Securities, a brokerage firm in New York City. "Analysts like myself are learning for the first time how derivatives behave in bad times. I think we've just seen the tip of the iceberg of the problems with derivatives...
...banks say analysts such as Peabody are overplaying the danger, and, following some minor calamities in 1994, their use of derivatives follows a prudent management scheme. But according to the Treasury Department's calculations, the iceberg is huge. The 25 American banks with the largest position have more than $350 billion in credit exposure to derivatives--that's more than enough to wipe out the $250 billion in equity capital that the same banks keep on hand as a cushion to absorb losses. Few believe that Asia's troubles could jeopardize the entire amount--that would take a global, systemic...