Word: meltdown
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...reason for their angst is clear: A property meltdown in China would imperil the whole world's fledgling economic recovery. Throughout the most severe global downturn in decades, China's economic growth has remained remarkably buoyant. This year, for example, China's GDP will likely rise 9% or more, in contrast to a merely subpar rebound in the U.S. and Europe...
...common objection to the addition of personal retirement accounts to Social Security is that allowing Americans to invest and earn interest on part of their Social Security payments might have left many of the elderly bankrupt after the financial meltdown of 2008. However, despite the desire of some to strike fear into the hearts of retirees, a worker retiring today who had been allowed to begin investing his Social Security premiums when starting work 40 years ago would have accrued more money by now than is promised by Social Security...
...raise is unclear. If the Germans use the U.S. plan - which calls for a tax of 0.15% on liabilities at about 50 banks and other financial institutions - Germany could raise as much as $12 billion a year. Would that be enough to protect banks in the case of another meltdown? Of course, proper government and regulatory scrutiny can guard against a repeat of the recent crisis. But in the event of a disaster on a similar scale, "you're never going to get a fund big enough to cover all that," says Simon Maughan, a banking analyst at MF Global...
...they emphasize that housing has a deep hole to climb out of. Since the housing peak in July 2006, home prices have plunged 30% on average, with certain bubble markets such as Phoenix, Las Vegas and parts of Florida seeing prices plummet more than 60%. Losses from the housing meltdown totaled $7 trillion at the end of 2009, according...
...Though Nowak's epic meltdown (and her termination by NASA) almost certainly hinged on more than her working-mom status, the case does underscore the arbitrariness of China's new policy. So does a 2005 study on reproductive health and spaceflight in the International Journal of Impotence Research, which reports that about 80% of the American female astronauts who came to NASA were not mothers. The report, which considers both genders, finds no evidence that short-duration spaceflight - missions of up to nine days - "has an adverse effect on the ability of astronauts to conceive and bear healthy children...