Word: turning
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Dates: during 2000-2009
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...toxic financial instruments sold by U.S. will be about $3.3 trillion worldwide. That is well above projections by most economists and the IMF. Nationalization of U.S. banks would cause hundreds of billions of dollars of losses to the common and preferred stockholders in the firms. This, in turn, could cause the failure of some investment funds that hold those shares. (See pictures of TIME's Wall Street covers...
...defensive zone for the majority of the period, with blueliners Alex Biega and co-captain Brian McCafferty holding Colgate in the neutral zone.The second period began with a pair of power plays for both sides, but neither team managed to convert. Colgate came out swinging and turned up the pressure against the defense, with junior David McIntyre and senior Tom Riley taking tough shots against Carroll.“[Carroll] was pretty solid, and he was good with his rebound control, so I think he made a lot of good saves tonight, and he gave us a chance...
Another big-city mayor, Antonio Villaraigosa of Los Angeles, could shake up the already crowded Democratic field as early as this spring. Villaraigosa, 56, is expected to easily win a second term on March 3. After that, an aide told TIME, he can turn his attention to whether he will run for governor. "He has said on the record that he doesn't know yet, but when he decides, he'll do what's best for the people of California," the aide said. (See the 25 most influential Hispanics in America...
...step down soon. "There's no optimistic short-term scenario for Japan," says Curtis. "The economy will get worse. Politics will get worse. That's the cruel reality of Japan today." And that means Aso's support rating can only get worse. "It's too late for Aso to turn it around," Curtis says. "He'll lose a point a week and by early March he'll be down 6% or 7%. He's going to have to quit." If Aso were to quit, he would be the third Japanese prime minister to do so in as many years. (Watch...
Every August, Nikolai Gusev juices hundreds of unwashed apples which grow at his dacha, west of Moscow. For a month he waits patiently for the juice to ferment and turn into a wine. He then distills the mixture, and stores the remaining liquid in a barrel for several months. The result is a highly potent drink (45% alcoholic), with an apple aftertaste which is the favorite tipple of his friends. "I had too many apples at my dacha and instead of throwing them away I wanted to do something with them, for me making moonshine is just a little...