Word: felling
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...investors began to worry that Icelandic banks had leveraged themselves too aggressively. Rumors swirled that the banks would default and that Iceland's central bank, with its modest $2.5 billion reserve, would be hard-pressed to bail them out. As investors pulled out of the market, the Icelandic krona fell by 27% against the U.S. dollar, the cost of insuring Icelandic debt soared to record levels, and inflation surged, hitting a 20-year high of 12.3% in recent days. That bleak combination has created a widespread perception, trumpeted in the world's financial press, that Iceland is melting...
High-profile visits by political figures are relatively rare in Najaf, the quiet holy city in southern Iraq where Grand Ayatollah Ali al-Sistani lives. Sistani, the most venerated Shi'ite religious leader in the country, shuns the limelight. But it fell his way last week nonetheless when Iraqi Prime Ministry Nouri al-Maliki and U.S. Ambassador Ryan Crocker appeared in Najaf separately within days of each other. It raised questions whether Sistani is making a comeback as a voice in political decision-making in Iraq...
...offers a fantasy of perfection, working-class TV offers a fantasy of authenticity. On NBC, an American Gladiator is a beefcake model in a unitard swinging his padded quarterstaff. (Read into "padded quarterstaff" whatever symbolism you like.) Cable's gladiators are paunchy guys with beards hauling ass to fell a tree or outrace a squall...
...could that passion for real estate also drag the nation down? After trebling in the decade to last October, the average U.K. house price fell for the sixth straight month in April, according to Nationwide, a British residential lender. At $354,000, that price is 1% lower than it was a year ago, marking the first annual fall since 1996. Banks, still nervous about lending to one another following the collapse of the U.S. subprime market, are being no less careful when it comes to their loan customers: tougher lending criteria and higher mortgage rates have discouraged British house hunters...
...second heavyweight varsity eight, the EARC’s No. 1 boat, fell to Wisconsin for the second straight year, felled by a caught crab in the final 20 strokes of the race. The Badgers crossed the line with a time of 6:17.21, just 0.2 seconds—a bow ball’s distance—before the Crimson finished in 6:17.43, despite having caught a crab during the furious fight to the finish...