Word: vu
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...another financial crisis is raging, this time globally, and as Sabanci Dinçer watches it unfold from her elegantly furnished 27th-floor office in the heart of Istanbul, she inevitably has a feeling of déjà vu. But this time, while there's trepidation, there's also hope. The Turkish banks that survived that earlier crisis emerged from it much better capitalized - and more heavily regulated - than their peers in the U.S. or Europe. Today, thanks to surging investment and exports, the Turkish economy is double the size it was in 2001, and the nation's financiers...
While these times are scary and strange for many Americans, a number of people in other countries feel a sense of deja vu. Asia went through a similar crisis in the late 1990s, and various other countries (including Argentina, Turkey, Mexico, Norway, Sweden, Indonesia and South Korea) have suffered through banking crises, stock-market collapses and credit crunches...
...Early estimates predict this year's harvest will be as much as 30% below average, because of a lack of fertilizers, which means the food shortage in 2009 could well be worse. For the North Koreans, the coming months could provide a sickening feeling of déjà vu...
...crippled Gulf Coast refineries, drivers in the Southeast are creeping around town with their gas gauges on empty, searching for a pump that isn't dry. And while oil companies said supply would improve by Columbus Day, the long lines aren't the only thing giving us déjà vu. We've got an unpopular President in the White House, trouble with Iran and economists raising the specter of stagflation. Russia has invaded a neighboring country. The Yankees couldn't make the playoffs. Breaker 1-9: Was that a purple Gremlin that just rolled...
Barack Obama and John McCain have never debated each other, but both may whiff some déjà vu when they hold their first showdown tonight in Oxford, Miss. - they've likely spent days sparring with their opponent's spitting image...