Word: wintered
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Dates: during 2000-2009
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Early last Winter, when the west was suffering the first casualties of the credit crisis, sovereign wealth funds (SWFs) rode to the rescue, providing over $40 billion in capital to some of the largest of the faltering U.S. and European banks. The U.S. government - reluctant to bail out banks directly - welcomed this infusion, even though SWFs are investment arms of foreign governments and American politicians are often suspicious of outsiders acquiring stakes in key domestic assets. So instead of a bailout of financial institutions by American taxpayers, we saw a foreign-funded bailout...
...trillion, an amount that is growing rapidly. That money needs a home, and the weak U.S. dollar presents foreign investors with opportunities to put it to work by snapping up "bargains" like the Chrysler Building and Citigroup stock. But after turning to SWFs in their hour of need last winter, will U.S. and European officials be willing to do so again...
Heenan backed Obama's primary opponent Senator Hillary Clinton, working briefly as her Rhode Island communications director in the weeks before that state's primary this winter...
...convent chapel on the other side of Sydney Harbour, they did the same at the tomb of 19th-century Australian nun Mary McKillop. Both are patrons of World Youth Day and, their supporters hope, will soon be declared saints by the Church. Out in the bright blue, southern hemisphere winter day, pilgrims strolled or sat in the sunshine, strumming guitars, snapping photos, checking daily Papal text messages, and buying "I [heart] Jesus" T shirts...
When we last saw Amanda Knox, she was bundled in a gray jacket against the crisp early winter air of the Italian hilltop city of Perugia, her crystal-blue eyes glancing anxiously toward a photographer's camera. The 20-year-old American exchange student with the Ivory-soap complexion was on her way to jail, charged in the murder of her British roommate, who was stabbed in the neck and bled to death in the flat they shared in the picturesque Umbrian capital...