Then there is the global financial meltdown, the effects of which Brown has handled well, as the next 12 months will show.
The bad home loans that couldn't be paid off began a financial meltdown and domino effect, and that has left taxpayers paying for this failed socialist scheme.
Dedicated to "the hardworking men and women on trading desks all across America," it's almost certainly the only country song about the subprime meltdown and its effects on the global credit markets.
Analysts and utility executives agreed that Enron's meltdown would have little effect on the state's power supply, which costly state power contracts and a slumping economy have rendered ample.
Thaksin Shinawatra seems determined to stay on as prime minister, while anti-Thaksin protest leaders remain convinced that one last shove will force him out.Yet so far there are few signs that the country's political meltdown is having much effect on the economy or on the lives of ordinary Thais.
I'm not going to discuss the economic meltdown and its devastating effect on technology companies and internet startups in this post, but rather something that crossed my mind earlier this morning: "Web 2.0" seems to become more and more a void (and an avoided) term.
The results have prompted a bitter debate about the potential effects the meltdown had on the health of hundreds of thousands of children.
But, while it's true that a complete market meltdown would have disastrous effects on the economy as a whole, market downturns like those of the past few weeks often have only a small effect on businesses and consumers.
The U.S. government, for good or bad, is the premier creditor and debtor to the world, which means that it really cannot go bankrupt without dragging the planet down with it both in pure dollar terms as well as through a domino-effect economic meltdown.
4 Some scientists are concerned that if warming continues, the global meltdown could cause catastrophic effects.
