Word: folded
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...records and lack significant property or other forms of collateral, says Du, the Chinese Academy of Social Sciences deputy director. Lending to a state-owned enterprise comes with at least the tacit understanding that the government will guarantee the loan, or at least ensure the company doesn't suddenly fold...
...reversal in Russia's economic fortunes is particularly painful. Since 1998 - the year of Russia's last financial crisis - the economy has expanded eight-fold. As oil prices rocketed, so did the country's self-confidence. Not content with presiding over the economic boom, then President (now Prime Minister) Vladimir Putin vowed to restore his country's great power status. Talk about a partnership with the West gave way to belligerent statements about a new Cold War. In the summer of 2008, Russian tanks trundled into Georgia. In early 2009, a dispute with neighboring Ukraine led Russia...
...part of the press is serious," he asserted. He groused about "a strong incentive to be negative and dramatic" that had infused much of the coverage. "It's a formula that works. It gets Pulitzers; it gets promotions; it gets name identification on the front page above the fold...
...first big problem emerged immediately after Benedict's surprise gesture of rapprochement when it turned out that one of the four bishops brought back into the fold, British-born Richard Williamson, was a vocal Holocaust denier. That required weeks of Vatican damage control. But another clash is brewing that may seem less explosive to the outside world but is actually more problematic for long-term church relations. For the Society is now preparing to openly defy the Holy See again. The group has announced that on June 27, three new priests and three deacons will be ordained at its seminary...
...specter of an Islamist threat has often worked in favor of the region's governments. After 9/11, U.S. Central Asian strategy was dictated largely by the Department of Defense under Donald Rumsfeld. Uzbekistan, ruled its entire independent life by the iron-fisted Islam Karimov, was brought into the fold as a staging ground for American operations in Afghanistan, as well as a willing accomplice in the renditions of suspected terrorists. That cozy partnership ended in 2005 when the Uzbek army gunned down hundreds of civilians protesting for reform in the Ferghana Valley under the pretense that it was curbing...