Word: prop
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Dates: during 2000-2009
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When Chinese stock markets soared into nosebleed territory, quadrupling in 2006-07, Chinese mom-and-pop investors tried to convince themselves they would be spared bloody noses because Beijing was hosting the 2008 Summer Olympics. Feel-good investor sentiment surrounding the August Games, the thinking went, would prop up overvalued stocks, allowing time for revenues of booming Chinese companies to grow into their inflated share prices. When markets were peaking last fall, some investors predicted that the government would tweak the economy to keep it roaring during the Olympics year, and that if all else failed, China's regulators would...
...CONS: Yahoo's share price will continue to erode since it will be seen as a less-coveted property. While Yahoo could still seal a deal with AOL or continue to use Google's advertising network in order to prop up its revenue, the terms would almost certainly be less favorable for Jerry Yang and company...
...West Bank, Israel relies on a network of Palestinian collaborators and wide-scale arrests. Last year more than 6,650 suspected Palestinian militants were rounded up, among them, claim Israeli intelligence officers, 279 potential suicide bombers. (IDF troops perform another function in the West Bank. In effect, they prop up Palestinian President Mahmoud Abbas. Without the presence of Israeli troops, his advisers concede, the West Bank would soon fall to Hamas militants, just as Gaza did last June...
...someone who has long been assumed to hold a weak hand, Kim has played his cards well. Using delay and deceit, always threatening, expressly or by implication, to deploy or sell his nukes, he has wheedled cash, fuel and food aid from the outside and used them to prop up his rule. Nothing, as I say, lasts forever. But the unification that Lee maintains is the "long-cherished desire of the 70 million Korean people" is not yet in sight...
Venezuela, which possess the hemisphere's largest oil reserves, may actually weigh more heavily today on Raul's mind than the U.S. In recent years Venezuela's left-wing, radically anti-U.S. President, Hugo Chavez, a fervent Fidel admirer, has helped prop up Cuba's economy with almost 100,000 daily barrels of cut-rate crude. Chavez, however, is deeply suspicious of, if not antagonistic to, Raul's economic reform intentions. "Raul has to play ball with the Venezuelans," says Latell. "He has no one else to turn to right...