Word: toxicants
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Dates: during 2000-2009
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...finance. Home loans, after all, have a lot going for them: the vast majority of people, even today, make their mortgage payments on time. What's more, mortgage bonds are made up of thousands of home loans, giving them safety through diversity. So how did these bonds become so toxic that they've poisoned banks and threatened the entire economy...
...when things unwind--and have they ever--any default gets compounded by the chain of linked bonds. The multiplier effect works like this: while 4.4% of the typical loans tied to Jupiter's bonds are in default, nearly 59% of Jupiter's investments are now worthless. Hello, toxic asset. (See the top 10 financial collapses...
...research. Hansel said the award was particularly welcome given current economic conditions, which have made it extremely difficult to obtain funding. Her research focuses on harnessing fungi’s ability to remove harmful substances produced by mining sites. In particular, Hansel said that many mining sites have toxic concentrations of manganese, and that fungi are able to transform the metal into an inert form. Hansel said she plans to use the grant to expand her research by adding a new project—along with post-doctoral researcher Cara M. Santelli—to study the process by which...
...same is not true south of the border. Under the best-case scenario in the U.S., unsteady financial institutions will need to off-load toxic assets to Washington's "bad bank" in order to start rebuilding balance sheets. Others, like Citigroup and Bank of America, that are teetering on the brink of insolvency will need new capital just to remain on life support. (See 25 people to blame for the financial crisis...
...Which, in a way, is what Opium War is all about. The film follows the story of two American soldiers who barely survive a helicopter crash behind enemy lines, only to land in a far more dangerous situation - the convoluted and toxic dramas of a refugee family forced to rely on poppy to survive. As the soldiers and the Afghans warily circle each other misunderstandings abound. The refugees have taken shelter under abandoned Soviet army tanks, which the soldiers mistake for a Taliban encampment. They open fire, setting the stage for anger and frustration. The Afghans fear the soldiers...