Word: turning
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Dates: during 2000-2009
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...that's just a simple mouse: Apple has waged similar battles with each of its product lines. 2000's G4 Cube desktop computer was released with a touch-sensitive area to turn on the computer, eschewing the power button. The latest MacBook laptops remove buttons from the trackpad entirely; users click either with a tap of the finger or by pressing the entire trackpad down. The first iPod had five buttons; the current iPod Touch and iPhone have just two. Apple's even expanding the battlefield to its stores - the elevator in the Tokyo Apple Store has no buttons...
...that have come to define toxic asset. Companies that held CDOs could offset their risk by buying CDSs from AIG FP. Or they could simply speculate with the instrument. It all worked fine until overbuilding by housing firms and overleveraging by consumers caused the bubble to burst. Which in turn caused the value of CDOs to plunge. Which caused holders of CDSs on such securities to demand payment from...
...with global stock markets collapsing and credit markets frozen, Geithner, then head of the New York Fed, and Bernanke believed AIG was too close to collapse to do anything other than stop the bleeding. Failure by AIG to pay might have threatened its counterparties - for instance, Citigroup and, in turn, Citi's counterparties. A bond or a derivative is, after all, a promise to pay someone, and if there is no confidence in its fulfillment, the financial system ceases to function. It is not a fear that has gone away simply because AIG has been stabilized...
...Cycle of Depression The Chinese are learning that the Kachin, like other ethnic groups in Burma, may not be willing to turn the other cheek much longer. Last year, armed KIO soldiers showed up at a pair of dam sites staffed by Chinese workers and demanded work cease until the Chinese paid them taxes. The projects are located in an area nominally under KIO control, but the former rebels were angry that the dam deal was negotiated directly between the Burmese government and Chinese hydropower firms without their input. (Eventually, the Chinese paid up.) More foreigners could get caught...
...additional hope is that community-based job-creation projects like trash removal and electricity restoration will lessen the temptation of unemployed men to drift toward insurgents who pay them to join their ranks. Still, members of an intimidated population must also feel secure enough to know that if they turn in an insurgent, they won't face revenge attacks. "You can go kill and capture [insurgents] all you want; it doesn't matter. The people have got to turn against them, and they haven't yet in Mosul because they're intimidated," Brown says. "And I don't blame them...