Word: wilmarth
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Dates: during 2000-2009
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...lackluster turnout failed to dissuade Page and venerable musher Joe Redington Sr., who mortgaged his home and sold a piece of land to help finance the event's start-up costs. Their efforts helped persuade officials to stage the first full-length Iditarod in March, 1973, in which Dick Wilmarth and his lead dog, Hotfoot, triumphed by covering the inhospitable terrain in 20 days. Since 1983, the Iditarod - the word is said to mean "distant place" in indigenous Alaskan dialects - has steadily grown in popularity, becoming both the most popular sporting event in the state and an international touchstone renowned...
...flight to quality" this year brought on by the subprime mortgage crisis, fewer outlets are willing to buy the debt. "The securitization market for credit cards was operating for the first half of 2008 but is now shut down, making it harder to securitize credit-card debt," says Arthur Wilmarth, finance professor at George Washington University Law School. Banks, forced to keep more debt on their books, are less willing to lend to anyone who doesn't have a high FICA, or credit quality, score. The result is a vicious cycle of borrowers being hit with higher interest rates, hair...