Word: seated
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Dates: during 2000-2009
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...Congressman Trent Franks of Arizona was very concerned about anti-missile defense - a gold-plated pipe dream, if there ever was one - and especially a product dramatically called the Kinetic Energy Interceptor. To which Gates replied, in a manner so casually dismissive that Franks seemed to shrivel in his seat, "I would just say that the security of the American people and the efficacy of missile defense are not enhanced by continuing to put money into programs ... that are essentially sinkholes for taxpayer dollars." (See pictures of the U.S. Army Reserve...
...debt for equity, effectively driving the firm into Chapter 11. The century that began with the mass production of the Model T in 1909 and ended with the worst collapse of domestic vehicle demand in history is over. It was a 100-year period when Detroit was considered the seat of global manufacturing prowess, a period when the Big Three were among the largest, and often the most profitable, companies in the world...
...manager of a Dubai real estate brokerage, Imran Mohamed, a Scot of Pakistani descent, had a front-row seat at one of the most incredible property bubbles ever. Early last year, a few months before the height of the emirate's boom, he fought his way through the lines at the opening sale of a new waterfront condominium development. Such launches always attracted crowds of investors eager to get the first shot at a new offering, but the buzz that day was especially intense, remembers Mohamed. (He asks that his real name not be used because his company...
...long time, the normal laws of economics did not seem to apply in Dubai, the most populous of the seven states that comprise the United Arab Emirates. Abu Dhabi, the seat of political power in the UAE, controls most of the country's oil resources. With less oil to tap, Dubai has used low taxes, easy money and cheap Asian labor to transform itself into one of the region's most dynamic economies. The city state developed a kind of signature swagger, expressed most gaudily in the gargantuan real estate projects - an indoor ski slope, man-made islands shaped like...
...Amid the hundreds of acronyms that make up India's political landscape, the Communists rank among the few recognized "national" political parties of India, along with the Hindu nationalist Bharatiya Janata Party (BJP) and the ruling Congress party. Competing for 130 seats, they only won 20, losing more than half their seats in the 543-seat lower house and suffering particularly costly setbacks in their strongholds of West Bengal and Kerala. In the last government, the Communists and their allies - known collectively as the Left Front - were an influential part of the ruling coalition. Now they have been relegated...