Dubbed in the not so recent past the "sick man of Asia," the Philippine economy faced a standstill for three decades with uneven growth, rampant corruption, and massive poverty.
Carlyle Capital, a mortgage-debt fund facing $400 million in margin calls, requested a standstill agreement with its lenders.
With the credit crunch creating a virtual standstill of lending, small businesses in the U.S. are facing an uphill battle to find funds, especially if their financial history isn't stellar.
The three men are among nine pro-democracy defendants facing public nuisance charges for their participation in the protests, which ultimately failed to win political reform, despite bringing parts of the city to a standstill for more than two months.
Montgomery is Maryland's most populous and prosperous locality, but it has missed out on boom times and now faces serious problems: a virtual standstill in job and business growth this decade, a gap between haves and have-nots and an anemic revenue outlook.
Global petroleum development had slowed to a relative standstill as energy companies faced record low oil prices.
"Now that I am at a standstill, I have to face the question of what we as a family are doing and how we are going to do into the future," Mr. Winters said.
Carlyle Capital, an affiliate of the private equity firm the Carlyle Group, said on Monday it had asked lenders for a standstill agreement as it faces more than $400 million in margin calls.
While a budget deadlock is hardly unusual, and though the state faces no immediate cash crisis, the current standstill is a reminder that even a popular celebrity governor cannot immediately change the political folkways of the California capital.
South and North Korea signed an armistice but no peace treaty, and the two countries continued to face each other in a nerve-racking geopolitical standstill.
