Word: rotting
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Dates: during 2000-2009
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There's never been a compelling reason to have a portable TV. Do we really need another way to rot our brains? Flo TV certainly thinks so. The Qualcomm-developed technology began appearing on a handful of mobile phones last year and offers live and previously aired content from a variety of networks including Comedy Central and the Disney Channel. Flo TV's new Personal TV (PTV) is a direct-to-consumer device that streams content without the hassle of having to deal with a mobile-phone carrier. But does someone with an iPhone or even a DVR need another...
Honduras, in fact, is the latest example of how little progress Central America has made since the coups, civil wars and corruption of the past. The institutional rot that spawned those Cold War conflicts remains, not just in Honduras but in nearby countries such as Guatemala, Nicaragua and Panama. In Nicaragua, for example, leftist President Daniel Ortega last month had Supreme Court justices loyal to him summarily lift a constitutional ban on presidential re-election so he can run again in 2011, even though most Nicaraguans oppose the change. In Panama, members of the powerful Arias family have...
...address during the next seven years. Even Copacabana revelers like Gomes remember the holes in Rio's efforts when it hosted the Pan-American Games in 2007. "They didn't do all they said we would do and a lot of what they did do was left to rot after the games ended," she says, adding, "I think the elite will benefit from this more than most." Says Sotero: "The Olympics give us the challenge we need to keep on the right path...
...slump in the stock market really a reflection of rot in the wider economy? Not necessarily. Unlike the NYSE or the Hong Kong Stock Exchange, where institutional investors react as much to fundamentals as to greed and fear, the Shanghai and Shenzhen exchanges are dominated by retail investors driven to frenzy by speculation and sentiment...
...senior Goldman executives to examine ongoing daily losses in the firm's mortgage portfolio. Goldman had already underwritten and sold billions of dollars' worth of mortgage-backed securities, much of it labeled investment grade by ratings agencies. It was, in fact, junk. But Goldman realized earlier than most that rot was setting in and famously decided to pull back from the mortgage market. The firm then shorted various mortgage-securities indexes - betting that prices would fall - at the very moment that other firms were still making big long bets on the securities. Goldman avoided losses while other firms infected themselves...