Word: madrid
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...Sagra, Spain Spaniards refer to the crash of their once booming real estate and construction industries as a "crisis of bricks." In La Sagra, they take that phrase literally. Located about 40 miles (65 km) south of Madrid, the clay-rich county produces roughly 30% of Spain's bricks, and boasts the greatest concentration of brick works in Europe. But right now, La Sagra's factories aren't making much of anything. "The warehouses are full," says Carlos Duque, general secretary for the Castilla-La Mancha branch of MCA-UGT, the construction workers' trade union. "They just don't have...
...caused by fast-and-loose mortgage lending in the U.S. has now blown into a perilous global crisis of confidence that has revealed both the scale and the limitations of globalization. Finance is built on trust, and suddenly that trust has been replaced by fear: fear among depositors from Madrid to Macao over the safety of their money; fear among banks worldwide about lending to one another; and now fear among politicians, central bankers and regulators that they don't have adequate tools to fix the problem...
...time that has its share of tragedy, where is the art that tries to strike an equivalent note? What we have no language for anymore, at least not in art, is acute pain. Except in room after room at the Tate, in a show that moves later to Madrid and New York City...
...these reasons, something like the invasion of Georgia was inevitable. Let us now hope that history does not repeat itself. Relations between Russia and the West have always been based on mutual fear rather than cooperation. It seems that this is not going to change. Ignacio O'Dogherty, Madrid...
...bought by an Abu Dhabi holding company, which pumped so much cash into the franchise that City was able to make an audacious last-minute bid for Berbatov - and then topped that by spending a British record of $59 million to sign Brazilian striker Robinho, from Spain's Real Madrid. Snatching Robinho from under the nose of Chelsea confirmed City's sudden arrival as a major player in the high-stakes transfer market of European soccer...