Word: problem
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Dates: during 2000-2009
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...billion of liabilities. The surprise hit stock markets in Asia and the U.S., while sending investors scrambling for safe havens like the U.S. dollar. Experts have since engaged in a rabid round of speculation over what the Dubai debt crisis might mean for the world economy. Some see the problem as little more than a big real estate bust. "I don't see what the big deal is," Willem Buiter, economist at the London School of Economics and Political Science, wrote bluntly. Others see the Dubai crisis as the potential flashpoint for a new stage of the global crisis...
...fact is that the world economy continues to be burdened by heavy baggage created during the boom times, problems that could take years to resolve. U.S. consumers are undergoing their own debt workout, one that might even worsen if joblessness continues to rise. Though defaults on credit cards in the U.S. fell in October, delinquencies, or late payments, rose - a sign that financial firms could expect more losses down the road. Japan, which experienced its fastest growth in two years in the third quarter, is dealing with the nasty problem of deflation, an indication that the economy is suffering from...
...that he had breached the European Convention of Human Rights for his "repeated statements that offend female dignity." Lorella Zanardo, a management consultant and former Unilever executive, grew so disgusted with the scenes of degradation on Italian television that she made her own video to raise awareness of the problem, splicing together clips from shows. The closing shot, from a show called Joking Apart, shows a woman in a thong hung on a hook in a meat locker, next to the bloody carcasses. "Women come up to me and say, 'Listen, I've been watching television for a long time...
...holds his handy lead in the polls, Porfirio (Pepe) Lobo will be the next President of Honduras. Problem is, the last man elected to that office, Manuel Zelaya, was ousted last summer in a military coup. That makes it unlikely that any nation - except maybe the U.S. - will recognize Lobo if he wins the Nov. 29 election. But as he relaxes in his opulent house near Honduras' capital Tegucigalpa after a day of campaigning, Lobo sounds unfazed. "I practice Taekwondo for serenity," he says with his trademark Cheshire cat smile. "We have to hold this election, and the world...
...seems a bit late, if not disingenuous, for a Central American politician to experience that epiphany in 2009. The real problem, says Lobo, is "our utter lack of vision about who we are and how to order ourselves." Ever since its Maya glory ended a millennium ago, Central America has been little more than a vulnerable land bridge whose political tragedies are matched only by its natural disasters: earthquakes, volcanoes and hurricanes such as Mitch, whose floods almost wiped Honduras off the map in 1998. Honduras has yet to really recover from that calamity - and a presidential election held under...