Word: soundness
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Dates: during 2000-2009
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...says his company is in sound financial shape and will weather the storm. But other Hong Kong companies - particularly those that invested some of their capital in property and stocks - are facing crippling cash shortages. On Oct. 9, U-Right, a clothing retailer with about 100 outlets in Hong Kong and another 500 in China, was forced to liquidate after it could not meet bank demands to repay its debts. Analysts say the company borrowed too much and expanded too fast in the rush to catch China's economic wave. As the global economy slows, that's likely to become...
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...credit crisis is hurting one of the areas critical to the nation's recovery: mortgage rates. In the past week, the average mortgage rate on a 30-year fixed home loan has jumped more than one half a percentage point to 6.74%, according to Bankrate.com. That might not sound like much, but it is the biggest one-week rise in the normally stable lending rate in 21 years. Some economists say mortgage rates could soon top 7%, a level they have not seen in more than six years...
...years past, McCain would have had the better of this argument - it is the classic division between liberals and conservatives. But 2008 has proved to be a new and frightening moment for the American electorate, and having the government help in finding, and funding, health care doesn't sound like such a bad idea anymore. McCain had a feisty debate, with some high points and a bit too much anger to make Americans feel very comfortable in his presence, but to a very great extent, his fate - like this election - was out of his control. This is simply...
...move that would have sent 60,000 well-behaved fans packing simply because a tiny minority had decided to push the patriotic buttons of France's leaders. From now on, however, France's players are under orders to take their ball and go home at the first sound of a raspberry when the band plays La Marseillaise. (That may work in a friendly fixture, but in a World Cup qualifier or any other competitive match France would risk a forfeit by such an action...