Word: reaction
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Dates: during 2000-2009
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First, the fragility. Allowing Lehman to fail - cited often as the government's biggest boo-boo - started a chain reaction. There was a run on money-market funds after one big money-market fund revealed that it owned a lot of suddenly worthless Lehman debt. London-based hedge funds that relied on Lehman for day-to-day financing found themselves unable to do business because their accounts with Lehman's U.K. subsidiary were frozen. Similar dislocations played out around the world. Before long, financial institutions were paralyzed by fear. They simply didn't trust each other anymore, and didn...
...days later, China's Ministry of Commerce said it would start antidumping investigations against imports of some U.S. chicken products and auto parts. Though the ministry's announcement made no mention of the tire tariffs, the timing of China's action appears as an eye-for-an-eye reaction to Obama's decision. On Monday, China sought talks with the U.S. through the World Trade Organization to resolve the dispute, while in a speech in New York, President Obama defended the tire tariff, saying trade agreements must be enforced if the global trading system is to function. (See pictures...
...Fast-forward to today. On Aug. 30 the Dalai Lama landed in Taiwan to comfort and bless victims of Typhoon Morakot, one of the deadliest storms to strike the island. The Chinese leadership's reaction to the Dalai Lama's presence? Simply that it "resolutely opposes this." Beijing canceled or downgraded some bilateral events, but these were not deal breakers. For Beijing, which has fired missiles toward Taiwan in the past, the action was akin to throwing a snowball. In fact, on the Dalai Lama's first full day in Taiwan, the two sides, once the most implacable of foes...
...nowhere to be seen. Turning around, he saw me flattened on the pavement. 'You never know,' Tom recalls me saying. His memory is probably true. Even now, I'm startled by sudden noises. I flinch at twenty-one-gun salutes at Arlington to honor the fallen in Iraq. My reaction is subconscious - I know I'm not in danger - but it still cuts through...
...with elastic in them. This is more modern." So while Field & Stream brand has a checked wool shirt, it's cut slim "so you won't end up feeling like a lumberjack." Bryan believes the search for authenticity is echoed elsewhere in the clothing business. "It's foremost a reaction to the frivolous buying spree society has been on for the past few years," he says, noting that other old-school unsexy but rugged American brands like Woolrich, Pendleton and Red Wing Shoes have become fashion darlings this season. "People are looking for something with a secure footing, with history...