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In the crisis, the financial sector collapsed.
When that sector collapsed, so did the city.
IN THE autumn of 2008, the banking sector collapsed with remarkable rapidity.
First, the Internet bubble burst, and then the financial sector collapsed, followed by an American — and ultimately global — economic recession.
Russia's manufacturing sector collapsed; only the petrochemical, gold and timber sectors successfully weathered the storms of capitalist development.
Iceland entered a slump after its overleveraged financial sector collapsed in the wake of Lehman Brothers' bankruptcy.
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Authorities elsewhere – from the US to Germany – resorted to similar measures to prevent the financial sector collapsing.
No one wants to consummate the last big deal before a sector collapses — as was the case in 2000 when Time Warner merged with AOL, a $165 billion internet deal that became a nightmare after the tech bubble burst.
In the short term, the risk of the Cypriot banking sector collapsing has receded, and the bailout funds will allow the government to pay its own debts and undertake the restructuring of the banks without facing economic collapse or exiting the euro.
The unbuttressed portions of the island (NW and SE) are characterized by the emplacement of wide and thick debris avalanche deposits (volume in the order of 1 2 km3 for each event) related to large-scale sector collapses, representing the most important and efficient mass-wasting processes making up the apron.
Sales of cars, still one of America's biggest manufacturing sectors, collapsed between 2007 and 2009 as customers lost access to credit, lost their jobs, or lost confidence in cars made by General Motors and Chrysler, which went through government-sponsored bankruptcy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com