Word: rosing
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Dates: during 2000-2009
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...disappoint activists on the left who were hoping that Obama would choose a two-fisted progressive to trade punches with Justice Antonin Scalia, who anchors the conservative end of the court. On Thursday, when he met her for the first time, Obama, a former law professor, engaged Sotomayor, who rose to the federal appeals court in 1998, in a lengthy discussion about the court and the Constitution. Earlier Tuesday, a senior adviser to the President told TIME, "What the President told us afterward was that he was very struck by her discussion of her approach to judging, how effective...
There was just one problem. Though prices rose by as much as 400% during the boom years, few people wanted the finished properties they had purchased - usually off plan, and often well before the first spadeful of earth had been turned. The market was driven by speculators, interested only in trading - or "flipping" - incomplete units, which often sold for more than completed buildings, and might get flipped 10 times before construction finished. "You can't believe how crazy this was," says Robert McKinnon, head of real estate research at Al Mal Capital, a local investment firm. "Everyone knew...
British Airways posted a deficit for its most recent fiscal year. The company lost $595 million. Part of that was because fuel costs rose 45% to more than $4 billion...
...slump may also prompt fraudsters to rationalize their behavior. According to a survey published in February by British insurer RSA, 3% of adult Britons said hard economic times made committing insurance fraud more acceptable. We're seeing that already: the number of fraudulent claims rose 17% in the U.K. last year, with commercial claims accounting for a third of their value. (See pictures of the financial crisis in London...
...preserve their interest, their cash, their asset position," says Patel. "And because of looking at their businesses, they're starting to find more fraud." So, too, are company liquidators. With insolvencies among U.K. companies rising amid the downturn, disqualification proceedings against the firms' directors for fraud or theft rose 72% in the year to April, according to figures compiled by London law firm Wedlake Bell...