Word: moment
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...proved so hard to help homeowners is that today's mortgages are no longer simply held by a local bank; they have been sold to Wall Street, where they were cut up and repackaged into thousands of bonds sold to investors. The current global credit crisis originates from the moment when subprime borrowers starting having trouble making their mortgage payments, which had been funneled into interest payments to bond holders...
...advertising front, the company continues to win over the hearts and minds of advertisers and users. While AdWords (in which relevant ads are matched to search queries) was the company's first eureka moment, it is expanding in many other directions, from trying to monetize videos on YouTube, to a new, roll-your-own display ad program that launched today. "We see a lot of opportunities in display," said co-founder Sergey Brin, who cautioned that, as with many things Google, the program might take some time to find its way. "Let's not forget that when we first...
...this the moment the European Union's ambitious climate change agenda unraveled? At the end of the two-day E.U. summit in Brussels Thursday, European leaders congratulated one another on their bold bank rescue plans. But the mutual backslapping might have provided perfect cover for a retreat from their long-standing commitment to reduce Europe's overall CO2 emissions by 20% by 2020, compared to 1990 levels...
...premature to write off the EU's emissions program altogether. But if it does crumble over the next two months, the tipping point will have been the moment the E.U. finally got its act together on saving its troubled banks...
...showing Lunsford running 13 or more points behind McConnell, several since then suggest the race is a dead heat, and the national Democratic Party has begun pouring TV money into a state it had all but written off. Lunsford traces the sharp turn in his fortunes to a single moment: "When they passed a bailout for Wall Street, it seems people all of a sudden got really focused...