Word: russian
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Dates: during 2000-2009
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...lost $4.6 billion after Russia defaulted on its government bonds. Long Term Capital Management was heavily leveraged. It had equity equaling only 3% of its assets. That's the equivalent of a $3.3 million home-equity loan on a $100,000 house. When the market turned skittish after the Russian default, the fund had to rapidly unwind illiquid positions, sustaining huge losses in the process. Only a bailout brokered by the Federal Reserve Bank of New York staved off a wider collapse of the U.S. financial system...
...idea that adding bacteria to the diet could boost health came from the Russian physiologist and 1908 Nobel Prize winner Elie Metchnikoff. He believed that long-lived Bulgarians were benefiting from bugs in their fermented dairy foods. The most common probiotics are strains of Lactobacillus, used as starter cultures in yogurts, or Bifidobacterium, found from infancy in the gut and believed to improve immunity...
...ships and hijacked at least 30, collecting anywhere from $18 million to $30 million in ransom, according to the British strategic think tank Chatham House. Big paydays have made them progressively bolder: one gang is still holding on to the MV Faina, the Ukrainian freighter carrying a consignment of Russian tanks that was hijacked on Sept...
...When it comes to resurgent Russia, a more united U.S.-EU front would definitely help. America’s most formidable rival has been flexing its muscle lately, first in Georgia and perhaps soon in Ukraine. The Russian economy may stand on shaky foundations, but the government of President Dmitry Medvedev and Prime Minister Vladimir Putin has developed a taste for the international spotlight. Despite the Russian president’s tough stance on the U.S. in his state-of-the-country address the morning after Obama’s election, the Kremlin described the first Obama-Medvedev talk...
...With more than 90% of the vote tallied, Barkat won with 50.7% of the vote to Porush's 42.05%. A Jewish Russian billionaire and former arms dealer, Arcady Gyadamak, failed in his bid to turn out the city's Arabs, who traditionally boycott the elections. He placed a distant third in the polls with 3.51%, while a fourth candidate, a bar owner who campaigned to legalize marijuana, collected one half percent of the vote...