Word: suddenly
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Dates: during 2000-2009
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...centuries, Europeans believed that all swans were white - until black swans were discovered in Australia. A possibly minor moment in ornithology, but one that for Nassim Nicholas Taleb, a former trader turned philosopher, perfectly illustrates how poorly our past experience of the world can prepare us for sudden, unexpected, epochal events. His 2007 book, The Black Swan: The Impact of the Highly Improbable, gave rise to a new name for these moments, both positive black swans (the rise of the Internet) and negative ones (the 9/11 attacks). Taleb has argued that much of the recent market turmoil has been...
...Keller's, a popular Modesto housewares store, the end of that profligacy is shockingly apparent to owners Cherie and Joyce Keller. Sales are evaporating, and they are worried about the Christmas shopping season. "It was sudden death - there were no people shopping," says Joyce Keller. "It took the crash for people to understand that this wasn't just a problem in California...
...separation from French actress Anna Karina, who had starred as the female lead in several of his films up to that point. But something’s amiss. Instead of the slowly fading hum of the sports car’s accelerator, the viewer hears the sudden, pulverizing screech of the car smashing into a truck. The camera returns to the car, glimmering blood red again, pinned in the gate-like intersection of the blue-striped tankers. Our concern, naturally and immediately, is with Bardot, whose head hangs over the side door, propped against the truck’s scaffold...
...sudden disappearance of some big financial companies as well as a cutback in lending activity at many banks has made it tougher and more expensive for companies to get funding. Hedge funds, too, which are having their worst year on record, have retreated from the lending business. And observers say the government's bailout plan won't change the problems companies are having getting funding anytime soon...
...This sudden vulnerability of emerging markets will be a key issue at the World Economic Forum on Europe and Central Asia, which begins on Oct. 30 in Istanbul. While Turkey has reason to blame its worsening economic outlook on the rest of the world, some of its woes are self-inflicted. The government of Recep Tayyip Erdogan and his Justice and Development Party (AKP) set about transforming the economy after its election in 2002. Spurred on by the International Monetary Fund (IMF), which provided financial support during the 2001 crisis, the government pushed through strict budgets, monetary discipline...