Word: moment
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...than $80 million suspended payments. It reached critical mass in late 1930, when 608 banks failed - among them the Bank of the United States, which accounted for about a third of the total deposits lost. (The failure of merger talks that might have saved the bank was another critical moment in the history of the Depression...
...Depression 2.0 Can Still Be Avoided At the moment, a reworked bailout deal seems likely to pass. But the world may still be heading for a severe downturn. Interbank lending remains stubbornly frozen, despite the Fed's liquidity fire hose. With WaMu and Wachovia wiped out, the stampede out of bank stocks and bonds will surely claim new victims. As the recession bites, Main Street firms will start going bust too. And the impact on the $62 trillion market for credit-default swaps could be explosive...
...Born a few months apart in 1908, Fingleton and Bradman were team-mates but never friends. On their first meeting, they had a Pride and Prejudice moment that set the tone of their relationship. Fingleton mispronounced the word tetanus, and Bradman corrected him with what Fingleton, a highly sensitive man except, it seems, where the feelings of others were concerned, perceived as scorn...
...would expect it—except maybe Haviland himself. So don’t be surprised if that moment of disbelief—that moment he finally pinches himself—never comes...
...haven’t got a choice: Those very innocent people are being held hostage at the moment, and we can’t allow that danger to go unmitigated for much longer. Plus, you cannot underestimate the folks with whom we’re dealing. They’re totally broke, living and working in the most tumultuous and inhospitable environment imaginable. Their life has been effectively lawless for years. This is a world in which, recently, every day in business may be your last, where mismatched games of chicken are played with major international powers. In these unstable...