Word: primed
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Dates: during 2000-2009
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...Fernbrooke goes, so goes the nation. In April, Australian Prime Minister Kevin Rudd announced a $31 billion plan to build a National Broadband Network (NBN) that will bring fast fiber-optic connections into 90% of the nation's homes, even to towns with as few as 1,000 residents. In doing so, Australia may leapfrog South Korea, which is widely acknowledged as the world's most wired country but where just 44% of residences currently have fiber connections. Less than 5% of U.S. households are wired with fiber-optic cables. (See the 50 best inventions...
...Then there's all that bad debt. We've now mostly worked through the subprime mortgage mess that started this whole debacle, but lots more losses - from prime mortgages, credit cards, commercial real estate, you name it - are still to come. Morgan Stanley economist Richard Berner estimated on Tuesday that even in the most bullish case, banks and other lenders have only recognized about half the $1.7 trillion in loan losses they're likely to suffer over the course of the downturn. In Berner's "bear" case, losses will top $4 trillion...
...support around the idea of a rain-forest bond, a method of interim funding designed to ensure that trees are worth more alive than dead until carbon-trading schemes really take off. He has privately lobbied leaders from Brazilian President Luiz Inácio Lula da Silva and Italian Prime Minister Silvio Berlusconi to the Pope on the issue. That sounds, well, quite political. "His great strength is to be a convener," says an aide. "He can't get directly involved in politics." (See pictures of Prince Charles...
...early 2008, of course, the Mahdi Army would break dramatically with Iraqi Prime Minister Nouri al-Maliki, engaging government forces in open warfare. Loyalists to Mahdi Army leader Muqtada al-Sadr (who once participated in al-Maliki's government) openly despise the Prime Minister, whose soldiers came out on top in the confrontation. (See pictures of Iraq amid the 2006-07 crisis by photographer Yuri Kozyrev...
...start, al-Maliki's original alliance with al-Sadr raises questions about the Prime Minister's scruples. Al-Maliki and the Iraqi policymakers close to him did not necessarily see a problem working with a murderous militia that held considerable sway in the Iraqi army and national police. In fact, al-Maliki, who is Shi'ite, appeared more inclined to accept Shi'ite militia support than U.S. military help...