Word: meltdown
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
According to the study, the collapse of the two firms reflected not shortsightedness on the part of top executives, but rather compensation structures that shielded the executives from the consequences of the firms’ economic meltdown. Compensation structures of cash bonuses and equity options liquid regardless of the firm’s financial state led to sustained profits for these executives even after the financial collapse...
...they're buying borrows the 80%, so they're the ones responsible for repayment. These loans were structured the same way and sold to the same people as mortgages. And the same kind of crazy prices were paid, so unfortunately we probably are going to see a private-equity meltdown just like what we saw in the housing market. (See how Americans are spending...
...exactly two minutes after midnight on Jan. 1, 2000, an alarm sounded at a nuclear power plant in Onagawa, Japan. Government officials and computer scientists around the globe held their breath. Was this the beginning of a massive Y2K computer meltdown? Actually, no. It was an isolated event, one of a handful of glitches to occur (including the failure of 500 slot machines at two racetracks in Delaware) as the sun rose on the new decade. The dreaded millennial meltdown never happened...
There is nothing natural about the economic meltdown we are still struggling with as the decade winds down. A housing bubble fueled by cheap money and excessive borrowing set ablaze by derivatives, so-called financial weapons of mass destruction, put the economy on the brink of collapse. We will be sorting through the damage for years. Meanwhile, the living, breathing symbol of this economic sordidness, prisoner No. 61727-054, a.k.a. Bernie Madoff, rots away in a Butner, N.C., jail cell, doing 150 years for orchestrating the biggest Ponzi scheme in the history of humanity...
...Great Meltdown Were we Americans alone in our troubles? Hardly. The Asian tsunami of 2004 killed more than 200,000 people. And our financial meltdown quickly spread around the developed world. Yet from our lofty perch overlooking the 20th century - the American Century, TIME's co-founder once labeled it - the fall has been precipitous. Who among us is unscathed? Not many. Even if none of your family members died in combat, you had no money with Madoff and you own your house free and clear, you most likely still took a hit. To paraphrase the question Ronald Reagan posed...