Word: routed
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Dates: during 2000-2009
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...battle of the New York Ivies, Cornell would appear to be the heavy favorite. Senior quarterback Nathan Ford leads the Ancient Eight’s top passing offense into Manhattan after a confidence-building rout over Dartmouth the Doormat, which also played the victim in Columbia’s lone win of the season...
...France, where a certain cultural disdain for the uncouth yanquis hardened into political hostility during the Iraq war, confirmation of the Republican rout instantly brought revelers onto the streets to honk horns and shout out their contentment. "This is an important victory for all of us. Mostly, of course for America, but also for everyone else in the world who's tired of a U.S. in the likeness of George Bush," said a gleeful 25-year-old named Clémence who was returning to her Parisian apartment after a night of watching the results with friends. "Tell your readers...
...reversal, and what does it bode for the coming days and months? Anyone claiming they know is blowing smoke. Though the brutal rout of global markets last week arose from fears the world's banking and financial markets risked total collapse in the face of the toxic credit crisis, government rescue plans detailed this week in both the U.S. and Europe mostly allayed those concerns, sparking surges on Monday and Tuesday. Market plunges since then came in the wake of negative news indicating serious slowing of American economic activity...
...Though it doesn't change the dismal bottom line, there is a difference between the current slide and the one that eviscerated markets last week. The earlier rout was caused by continuing fears that governments were not sufficiently committed to prevent the world's finance and banking sector from collapsing - worries temporarily allayed by rescue plans announced over the weekend in Washington and Paris, and detailed in trillion-dollar-terms Monday. But the confidence those measures inspired in global markets has given way to more classic concerns among traders of a looming economic downturn - or quite probably recession - undermining...
...damage had been mounting so swiftly that in the midst of a global stock-market rout that ate 18% of the Dow, Treasury Secretary Hank Paulson was forced to import a plan he once considered practically un-American. Paralleling a program authored by U.K. Prime Minister Gordon Brown, it called for the U.S. government to take partial ownership of nine leading banks and offer to buy pieces of hundreds of others. On Oct. 13, the nine bank bosses, assembled in the Treasury's imposing boardroom, were each handed a piece of paper with the terms: $25 billion of preferred shares...