Word: weatherized
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Dates: during 2000-2009
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...demand will dent China's economy as well as that of any that relies on exports. But the free-market autocrats stand in far better shape than the rest of the world. With their massive cash reserves, current-account surpluses and, often, capital controls, countries like China can better weather a downturn (China probably will still grow by 9% this year). And with no pesky U.S.-style congress to stand in their way, they don't have to worry about anyone vetoing their plans to stabilize their economies...
...They built their house on the beach," says Tim Morris, an analyst with stockbroker WiseOwl.com. "Now that the storms have come, they can't help but watch their house subside into the ocean." And Macquarie? More diverse sources of revenue mean "it's better built to weather the storm," Morris says. But the borrow-to-buy infrastructure model "is dead in the water...
...landmark New Deal innovation, the Federal Deposit Insurance Corporation (FDIC), whose authority to guarantee bank deposits has recently been expanded. And today's federal outlays make up nearly 20% of GDP, with state- and local-government spending adding another 10%--weighty ballast in the face of economic bad weather...
Ayers, 63, is the University of Illinois at Chicago education professor who, during the Vietnam era, was a leader of radical group the Weather Underground. In recent weeks, Republicans have mounted an increasingly potent assault on Obama's past dealings with Ayers. Sarah Palin, the GOP vice-presidential candidate, depicted Chicago as a hotbed of radical politics. Earlier this month, she referred to Ayers when she said Obama "sees America as imperfect enough to pal around with terrorists who targeted their own country." During Wednesday night's final presidential debate, Senator John McCain, the Republican presidential nominee, continued to question...
Ayers' Illinois roots run deep. His father was a top executive at Commonwealth Edison, a local utility company. The young Ayers, inspired by the 1960s civil rights movement, later emerged as a leader of the Weather Underground, a group that bombed the U.S. Capitol and the Pentagon. He and other members of the group soon fled into seclusion, taking on assumed names. He and his wife, fellow radical Bernardine Dohrn, turned themselves in after charges were dropped because of tainted evidence. (Ayers' famous quote afterward: "Guilty as hell, and free as a bird. It's a great country...