Word: worst
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...course, as institutions emerging from the worst of the credit crisis, the banks have little more than that in common. Famous for flogging mortgages worth 125% of a property's value, Newcastle-based Northern Rock was caught with its pants down when the wholesale markets it relied on to fund those loans froze in 2007. With unemployment rising and house prices still on the wane, the bank's impairment charges for soured loans tripled, to $1 billion in the first half of this year vs. the same period in 2008. Just as worrying: a shade under 4% of its home...
...good" news is that the worst of the problem is fairly concentrated geographically. Places where house prices have fallen the most have been hit the worst. That includes states that saw the wildest speculation and overbuilding - like California, Florida, Arizona and Nevada - and those that have been gutted the worst economically, such as Ohio and Michigan...
...improvement in fuel economy of at least 10 m.p.g.) And there's the undeniable fact that destroying an existing car - even a clunker - and manufacturing a new one requires energy and carbon emissions that would be saved if you just held onto your old car. (See the 50 worst cars of all time...
...plants, goes their argument, provide a steady supply of relatively cheap energy with zero carbon emissions. The new enthusiasm for nuclear is measurable. Over the next decade, the world is expected to build 180 nuclear power plants, up from just 39 between 1999 and today. (See pictures of the worst nuclear disasters...
...which is part of a larger initiative to promote the use of EVs in Japan through government subsidies and tax exemptions. As part of Japan's stimulus program, buyers can receive $2,500 for scrapping a gas guzzler for a hybrid or an electric vehicle. (See the 50 worst cars of all time...