Word: toxicated
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...reversal, and what does it bode for the coming days and months? Anyone claiming they know is blowing smoke. Though the brutal rout of global markets last week arose from fears the world's banking and financial markets risked total collapse in the face of the toxic credit crisis, government rescue plans detailed this week in both the U.S. and Europe mostly allayed those concerns, sparking surges on Monday and Tuesday. Market plunges since then came in the wake of negative news indicating serious slowing of American economic activity...
Even before the political landscape turned toxic, Republicans were struggling. They are defending nearly twice as many seats as are the Democrats and were hit by a wave of retirements. What makes the turnabout more striking is that the Democratic challengers aren't particularly strong candidates. Several are inexperienced; others are more liberal than their states. Many seemed almost struck dumb when, as gasoline prices soared this summer, Republicans hit on the suddenly popular idea of drilling for more oil. But the market meltdown has replaced $4-per-gal. gas as voters' top concern, and ever since Herbert Hoover, voters...
...second desirable quality of leadership, especially now, is toxic even to mention for its allegedly élitist overtones: intelligence. Not necessarily anything as crude as raw IQ scores, though something closer to that than to the kind of mystical wisdom attributed to Ronald Reagan. Call it intellectual curiosity, perhaps, or a willingness to engage with complicated ideas. This financial crisis is extremely complicated. Surely the best and the brightest can screw up, as they famously did in Vietnam. But four decades later (and after eight years of George W. Bush), maybe we can agree that on balance it would...
...weeks, Paulson had held off on direct investment, preferring instead to use the $700 billion Troubled Asset Relief Program (TARP), passed by Congress on its second go-round, to buy toxic mortgage-related assets from the banks. The bank bailout will be funded out of that budget, and the Treasury still plans to start buying troubled assets in the next month or so. But that wasn't soon enough for worried investors or for Fed Chairman Ben Bernanke, who according to inside reports had been advocating for a recapitalization for months. Money flowed out of the stock market, including that...
...massive destruction World War I inflicted on key economies like those of Britain, France and Germany, and the lingering distortions in trade, capital flows and exchange rates occasioned by the punitive Treaty of Versailles. Memories of the war's bitter fighting and vengeful conclusion had rendered the international atmosphere toxic, making a mockery out of the one transnational institution to have emerged from the conflict, the League of Nations. Adding to those abundant ills was the near religious faith in the sacred orthodoxies of laissez-faire and the gold standard--the economic equivalents of the Nicene Creed...