Word: overnights
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Dates: during 2000-2009
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...these loans default? [Oct. 20] Or was it only greed that made everybody turn a blind eye to the possibility that the bubble could ever burst. Did no one consider that if the subprime-mortgage market crashed, thousands of families could have their lives turned upside down virtually overnight? Frederik Steenbuch, Oslo...
...Obama recently told Time's Joe Klein that Job One is the unknowable task of patching and stabilizing the sinking economy, which makes sense because the power of this issue to shape the next presidency is absolute. The financial crisis has already changed Reagan Republicans into bank nationalizers almost overnight. Presidential-transition expert Paul Light calls this the most harrowing environment for a change of Administration since Lincoln took charge of a country split...
...Tsim expresses nothing but relief: “I’m surprised everything came together. I learned how to sew overnight...
...like Wachovia and investment banks like Morgan Stanley have been so burned by their own reckless use of debt that only recently - and after unprecedented government intervention - have they been willing to once again make the most basic short-term loans to one another. The gradual thawing of the overnight-lending market, which seemed to begin on Monday, Oct. 20, was the first sign that Wall Street's credit markets were, however haltingly, regaining some sense of equilibrium after the previous, harrowing month...
Take the Red-Eye. June C.*, a recently retired flight attendant, has seen her fair share of turned-on travelers. She remembers one couple on an overnight flight to Asia who managed to commandeer three seats for themselves. The man had propped himself up against the window with his partner on his lap and a blanket pulled over them. "At first I thought they were sleeping," June says, "but their bodies were moving very discreetly up and down." Rather than interrupt, June went immediately back to the galley and announced the coach-class quickie to the other flight attendants...