Word: mega
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Dates: during 2000-2009
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...secret that in a down economy, people don't want to buy a house before they can sell their old one. The stress of paying one mortgage is bad enough--the thought of having to shoulder two monthly mega-payments? [Insert heart attack here.] But when the real estate stars align, a pair of frustrated sellers can switch homes with each other. While there are few tax advantages or closing-costs savings, house-swapping promises the peace of mind that comes from unloading your house at the exact time you buy another. Although such trades are still rare, thousands...
...markets, that panic is now mostly being inspired by the world's dismal economic outlook. Because of that, many experts say, traders are coming to work scared, and looking for signs to confirm that terror. "Markets have lost points of reference, and are now acting on a combination of mega-pessimism and hyper-speculation," says Marc Touati, director general of Global Equities in Paris. "Meaning, when they get bad news justifying that outlook, there's mass movement downward disproportionate to the negative information markets are acting...
...hard to understand why most observers expect Wall Street to slide fast and far during trading Monday. It opened with an opening dive - its first dip below the 7,000 point bar in more than a decade. And why would the Dow resist the mega-tanking that bourses elsewhere experienced today, amid a flurry of dismal financial and economic news from virtually every corner of the globe...
...expert in certain materials. Take VKR, founded during World War II as a window manufacturer. Through its subsidiaries the firm now markets efficient skylights and vertical windows, and in recent years has shifted into rooftop solar heating. Government policies and strict regulations have helped here too. "The mega-trend today is renewable energy and energy efficiency, and we're improving them both," says Leif Jensen...
...Some experts, prior to the Madoff mega-swindle, were all for lesser regulation. But now they are rethinking this idea. "Registration of these funds might have helped prevent this," says Barry Barbash, a Washington-based securities lawyer with Wilkie Farr & Gallagher. Barbash was the SEC director of investment management from 1993 to 1998, the time the liberalization took place...