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Word: toxicities (lookup in dictionary) (lookup stats)
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...global competitor. American demand for Chinese goods has fueled growth in Chinese manufacturing, and Chinese savings, in turn, have enabled America to live beyond her means. Yet this symbiotic economic relationship has, until recently, only made the headlines when it’s a matter of defective toys and toxic foodstuffs. Although at earlier points in our history we woefully mistreated African Americans and Native Americans, we lecture China about its treatment of Tibet and sell arms to what the Chinese regard as a “break-away” province, Taiwan. We compete with China for natural resources...

Author: By Clay A. Dumas | Title: Hillary Goes to China | 3/4/2009 | See Source »

...quickly, and he swallows the ends of his sentences, and he gives the impression of a grad student taking an oral exam, not someone leading the country out of perdition. But he'll be the hero of the Western world if his plan to subsidize the sale of toxic assets leads banks back from the brink...

Author: /time Magazine | Title: Geithner Tries to Resell the Bank Plan — and Himself | 3/4/2009 | See Source »

...nearly 6 over the past two decades, from $4.5 billion in 1986 to $25.7 billion in 2006, and governments around the world are demanding that Beijing boost the safety of what it produces. In 2006, after more than 100 people died in Panama upon consuming cough medicine that contained toxic diethylene glycol from China, the mainland's food- and product-safety problems became an international concern. Adulterated wheat gluten from China was blamed for the death of thousands of pets in North America in 2007. That year, the U.S. Food and Drug Administration banned several types of Chinese seafood that...

Author: /time Magazine | Title: Will China's New Food-Safety Laws Work? | 3/3/2009 | See Source »

...shaping up to be is building fast. The worst of the news Monday came with the announcement that financial insurance giant American International Group had lost $61.7 billion in the last quarter of 2008, the largest quarterly loss in corporate history. As the insurer of much of the toxic American mortgage debt that detonated the implosion of the world's finance markets, AIG is now also set to take on an additional $30 billion in U.S. government rescue funding beyond the record-setting $150 billion in aid it received last year...

Author: /time Magazine | Title: Markets Fall from Tokyo to London to New York City | 3/2/2009 | See Source »

...That toxic debt was also behind the other bad company news of the day, when HSBC - Europe's largest bank - said it would seek $17.1 billion in new capital, and close its U.S. consumer-lending unit, Household Finance. The American affiliate had saddled HBSC with $16.3 billion in subprime-rooted losses, and explained the group's 62% dip in 2008 profits of $9.3 billion. But closing the troubled unit means adding its 6,100 employees to the list of 3 million American jobs eliminated since November...

Author: /time Magazine | Title: Markets Fall from Tokyo to London to New York City | 3/2/2009 | See Source »

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