Word: lateraling
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Dates: during 2000-2009
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...Advanced Micro Devices employees laid off that day. "He called me at approximately 10 a.m. and told me they had not called him in yet," remembers Janosek, a 47-year-old hospice nurse and mother of three teenagers in Austin, Texas. "And then he called me 15 minutes later to say he was one of those chosen...
...pressure, even though they are relatively highly rated and have passed budgets for this year," says John Miller, chief investment officer of Nuveen Asset Management, which runs, among other things, municipal-bond funds. "Those are areas where obligations are probably growing faster than their revenues." That spend-now-pay-later attitude eventually catches up with a state. Ask California. (Read "Can the U.S. Afford to Let California Fail...
...quickly other states may hit the wall will largely depend on how quickly we exit this recession. Will we emerge later this year? Not until next? It is easy to find an economist for whatever answer you'd like. That's not nefarious; it's just really hard to anticipate what the economy is going to do. For the fiscal year that just ended, revenues came in below expectations in 38 states, according to the National Association of State Budget Officers and the National Governors Association. And if projections are too rosy again in the just-signed state budgets? Well...
...region that was destroyed by a horrific earthquake on April 6—a disaster that claimed 299 lives. Since April, the city has experienced at least half a dozen tremors (some of them quite significant), including three early this Monday morning and one Monday afternoon. Only two days later, the eight most powerful leaders in the world will meet there for two days. Almost everyone in Italy is asking him/herself the exact same question: Why? Why would the eight most important people in the world get together in a place where the ground can’t stop shaking...
...Urumqi riot was triggered by unrest in the southern coastal province of Guangdong, where a disgruntled former factory worker started a rumor that a group of Uighur workers had raped two Han women. That touched off a riot on June 26 that left two Uighur workers dead. Police later arrested the man who had started the rumor. This week's protest began as a peaceful demonstration by a group of about 1,000 Uighurs angered by the Guangdong riot. Witnesses said they shouted slogans in Uighur and Mandarin denouncing discrimination. (See TIME's China covers...