Word: subs
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...this point, the troubles in the sub-prime sector seem unlikely to seriously spill over to the broader economy or the financial system." - in a speech on June 5, 2007 just months before the economy and stock market began to tumble as a result of the sub-prime mortgage crisis (New York Times, August...
...debate over whether UC business could be conducted more efficiently. The meeting, which included the Town Hall meeting, six pieces of legislation, and an update on the status of a cable TV project, was also punctuated by lectures from the chairs of the Council’s two major sub-committees, who scolded representatives for complaining about the two-hour duration of last week’s meeting. “I understand that the meetings have been longer,” said Student Affairs Committee Chair Tamar Holoshitz ’10. “Quite frankly, it?...
...That means, in China, you don't have the real estate equivalent of "dine and dash": people don't abandon houses the minute they think the price level is lower than what they paid, leaving it to the mortgage company or the banks to sort out. There's no sub-prime, zero-percent-down U.S.-style debacle here...
...China confrontation took place while the Impeccable was sailing 75 miles south of China's newest sub base, Yulin, at the southern tip of Hainan. The U.S. vessel carries sophisticated surveillance equipment that was in use - Chinese sailors used poles in an effort to snag the Impeccable's towed acoustic array sonars, which dangle beneath the vessel. The gear was most likely being used to try to detect the movements of Chinese subs in and out of Yulin, where Beijing's new Shang-class nuclear-powered attack subs have recently been spotted...
...intelligence gathered would be useful in a future showdown. Because U.S. aircraft carriers would play a vital role in any clash with China over Taiwan, being able to bottle up Chinese subs at their base - and measuring the range from their base within which U.S. technology could be used to hunt them before they escape into the open sea, where they would be much more difficult to detect - are key U.S. intelligence goals. The data collected by vessels like the Impeccable, along with detailed maps of the ocean floor near the Chinese base that would guide U.S. sub hunters...