Word: routs
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...that has been crushed over the past year, for reasons only partly related to the global equity slump. Regulators in China hope the measure will increase liquidity and trading volume in China's markets after a decline of more than 60% so far this year. (After Monday's global rout in stocks, the Shanghai exchange ended up a tick in Tuesday's trading...
...players but also the development of better players worldwide. These effects seem to be yielding a more competitive sport overall. The men’s basketball games at the Beijing Olympics were some of the most competitive games to date; the gold medal game, for example, was not a rout by the United States but a fairly close 118-107 American win. But this is only a small benefit of the overall destructive process; the deportation of our finest hoops talent will not be benefit the NBA or its fans. As a collective, American basketball fans care little about...
...Baghdad where al-Qaeda had banned barbershops and outlawed alcohol. He had 422 men, but about 50 fled, fearing arrest by the government. The district, which is hemmed in by high concrete T-walls, was a byword for terror before locals like the sheikh joined with U.S. forces to rout the extremists...
...voting down the proposed $700 billion financial bailout package - and causing a spectacular stock market rout - a majority of members in the House of Representatives made a clear statement that they didn't want to put taxpayers on the hook for the failures of financial institutions...
...moreover, even if valuations in the U.S. financial sector get more appealing should the market rout intensify, there's another factor in play: governments in East Asia and the Gulf want their funds to help domestic companies, not foreigners. On Thursday, for example, Beijing's CIC announced it would make investments in three of China's biggest commercial banks - Industrial and Commercial Bank of China, Bank of China and China Construction Bank - that themselves are getting hurt by an economic slowdown and a real estate slump at home. "This is a significant policy initiative aimed at supporting China's leading...