Word: jannings
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Dates: during 2000-2009
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...Iceland Banks Fail; Government Follows After months of protests triggered by the collapse of Iceland's economy amid the global financial crisis, its government finally joined suit on Jan. 26. It has been replaced by a new left-leaning coalition that is expected to tap Johanna Sigurdardottir to take the helm. The 66-year-old Social Affairs Minister would become the world's first openly gay woman to serve as head of state...
...Netherlands At Last, a Court of Last Resort After more than six years of diplomatic and legal disputes, the International Criminal Court (ICC) opened its first trial in the Hague on Jan. 26. The self-described "court of last resort," which operates independently of the U.N., was created to oversee large-scale human-rights violations--like those allegedly orchestrated by Congolese warlord Thomas Lubanga, the court's first defendant. The trial of Lubanga for training child-soldiers during the region's 2002-03 ethnic conflict is also the first test of an international law allowing victims--like the 93 people...
...Layoffs Cut Deeper Bleak job news continued, with all sectors of the economy--from prescription drugs to construction equipment--buckling under the pressure. More than 50,000 U.S. job cuts were announced on Jan. 26 alone, adding to the 2.6 million lost since December 2007. The Labor Department also announced that 21,137 mass layoffs--involving 50 or more job cuts at once--took place...
...Jan. 26 Job Cuts...
...recession is when your neighbor loses his job, the saying goes; a depression is when you lose yours. That line is shifting under the feet of countless Americans. In December, for the first time on record, unemployment rose in all 50 states and the District of Columbia. On Jan. 26, U.S. firms announced more than 70,000 layoffs, then came back the next day with thousands more. Michigan's jobless rate is in the double digits, and it may soon have company...