Word: slump
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Dates: during 2000-2009
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Europe's markets are also down on the year, due primarily to effects of the U.S. financial crisis. Even more worrying than that slump continuing, however, is the exposure of European banks to toxic debt originating in the U.S. Governments are digging deep to to assure markets that they'll step in as that crisis becomes acute...
...know.”She added that Harvard could be more affected because it “has been very well represented in the financial services industry,” though she said she did not know the percentage of alumni working in that sector.Following a year-long slump, financial markets have nose-dived in recent weeks as a series of financial shocks have hit Wall Street, including the failure of Lehman Brothers, the government takeover of mortgage giants Fannie Mae and Freddie Mac, the largest government bailout to date, an $85-billion loan to the American Insurance Group...
...Ghosh, a veteran postcolonialist. He instead depicts India as it most likely was under the thumb of Britain's East India Company. Its once bounteous countryside is now run by Company edict, with farmers ordered to grow poppies to feed colossal opium factories, in whose noxious environs even monkeys slump in "a miasma of lethargy." Their fields given over to drug cultivation, thousands of starving, impoverished villagers leave for new pastures as indentured labor in Mauritius, a place so remote that it is thought to be a "demon-plagued land...
...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 financial institutions at a time of global turmoil," says Jing Ulrich, chairman of China securities at JPMorgan in Hong Kong. It's another way of saying to CIC's Gao Xiqing, If you come home from...
...worst housing slump since the Great Depression--prices are down 18% since mid-2006, according to the S&P/Case-Shiller national index--has made once safe mortgages look perilous and Frannie's capital cushion look alarmingly skimpy. In July, in another of his Sunday bombshells, Paulson asked Congress for the authority to do (and spend) whatever it took to keep the companies from going under. He soon got what he wanted, and he said he hoped that alone would be enough to see them through. But after taking a closer look at the exact state of their capital reserves and watching...