Word: toxicants
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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...
...Boxer after the great bagged-spinach E. coli fiasco of 2006, the report arrives on the heels of a salmonella outbreak earlier this year, linked to tomatoes and peppers, which sickened at least 1,440 people and was America's largest food-borne-illness outbreak in a decade. Meanwhile, toxic additives in milk products in China have killed four infants, sickened 54,000 and led to recalls of Chinese dairy products worldwide...
Abandoned ships wreak havoc on the marine ecosystem long after they've sunk. Decaying wreckages leach toxic chemicals like petroleum products and PCBs that remain in the water harming or destroying sea life and potentially enter the food chain, eventually getting ingested by humans. Sometimes dead watercraft foster the growth of new sea life that threatens the pre-existing local ecosystem. On Palmyra Atoll, 1,000 miles south of Hawaii, a population explosion of corallimorph, an aggressive creature similar to anemones and coral, killed almost all the coral growing around a long-line fishing vessel that sank in 1991, according...
...will have many options open to him on how to unclog the credit markets, which Senator Judd Gregg, the top negotiator on the bill for Senate Republicans, described as a massive car accident in the middle of the highway. The government must clear the accident away by buying the toxic debt so that normal traffic can flow freely. One avenue will be to do a reverse auction, where banks compete to sell the Treasury their bad paper, with the Treasury choosing the lowest offers. The Treasury may also directly negotiate with companies, though no one knows exactly how that will...
...their clients, and runs a network of branches," says Antonio Ramirez, analyst at investment bank Keefe, Bruyette & Woods in London. "It's quite simple, quite traditional." Focused on retail banking, with limited investment banking operations, and with a long-buoyant domestic market to lean on, Santander side-stepped the toxic assets caught up in the collapse of the U.S. sub-prime mortgage market. Enjoying "good growth at home, they were never in the need of chasing growth in these kind of exotic instruments," says Ramirez. Santander's strategy - mirrored at rival Spanish lenders - owes much to the country's regulators...