Word: unwinds
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Dates: during 2000-2009
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...light, for the venerable Barings Bank to file for bankruptcy and forever vanish. Managers at France's Société Générale may well be wondering why their agony endures, a week and counting after a far bigger scandal that cost it $7.13 billion to unwind - and that subjected its risk control procedures to public mockery. Yet the end is still not in sight. The SocGen's board of directors, meeting in emergency session, left chairman and president Daniel Bouton in place. That action probably wasn't a vote of confidence as much...
...upcoming Burgers and Half Bottles in Napa Valley, which pairs his house wines with simple burgers, was conceived back when he lived in L.A. and would sit in his truck drinking wine with a burger from the In-N-Out chain. "I've always found it fun to unwind in a casual restaurant that offers great food--especially after working long hours in a fine-dining environment," he says...
...world's exports, appears to be in real economic trouble. Most economists now believe the U.S. is either already - or soon will be - in its first recession since 2001, and that this one could be a doozy. "The asset bubbles underpinning the US economy have started to unwind the other way," says Stephen Roach, Chairman of Morgan Stanley Asia. "This recession was triggered by the bursting of the housing bubble and the bursting of the credit bubble and those developments will run their course [even with the rate cuts...
TOKYO The Peninsula Architect Kazukiyo Sato's new 24-story, 314-room "lantern" structure at the entrance to Ginza is sure to appeal to jet-lagged travelers. The hotel's full-service spa and heated swimming pool are perfect places to unwind...
...Club [May 7]. Cheers to all of the contract workers who get to enjoy themselves with cigars and cocktails after a long day of earning bloated salaries under the protection of allied troops. The contractors' fear of not having beer delivered is tremendously stressful and surely the need to unwind is well deserved. But they can rest assured that the Country Club is secure, thanks to the many young soldiers fighting beyond the walls of the Green Zone. Those soldiers, I would add, do not have the pleasure of patronizing the bar; they just get to defend it. Cheers...