Word: institutionalize
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Dates: during 2000-2009
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As mortgage losses continued to mount and the credit-crisis snowball rolled on, private equity, with some SWF support, took on the role of recapitalizing regional banks. Yet there's still no end to the crisis in sight. On July 11, U.S. regulators shut down IndyMac Bank, the second-largest...
1 | California Anatomy of a Bank Run The fall of IndyMac, the second largest financial institution in U.S. history to collapse, alarmed depositors and caused a run on the bank akin to the savings and loan crisis of the 1980s. How the panic spread:
But times are changing, state funds are tight and the Louvre has an ambitious director named Henri Loyrette, who has given himself the mission of pulling the venerable institution into a new era. Tapping rich people around the globe for funding is just one of the changes Loyrette has brought...
All in all, it amounts to a mini-revolution at an institution that has been France's bastion of high culture ever since Charles V set up his library there in about 1360. Loyrette, 56, says his goal is not to be controversial just for the sake of it. But...
The research team theorizes that the immense amount of pressure building along the fault causes small cracks within the rock during the final hours before an earthquake, increasing rock density and slowing the transmission signals. "The more cracks you have, the slower the seismic velocity," says study co-author Paul...