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2008
File:2008 Events Collage.png, From left, clockwise: Lehman Brothers went bankrupt following the Subprime mortgage crisis; Cyclone Nargis killed more than 138,000 in Myanmar; A scene from the opening ceremony of the 2008 Summer Olympics in Beijing; the 2008 Sichuan earthquake kills over 87,000; a destroyed Georgian T-72 tank during the Russo-Georgian War; the Trident Hotel in Mumbai was the site of the November 2008 Mumbai attacks;a line of detritus in a backyard made during the December, 2008 resulting from the Kingston Fossil Plant coal fly ash slurry spill ; Poster in Pristina celebrating the 2008 Kosovo declaration of independence, Independence of Kosovo from Serbia., 300x300px, thumb rect 0 0 200 200 Subprime mortgage crisis rect 200 0 400 200 Cyclone Nargis rect 400 0 600 200 2008 Summer Olympics rect 0 200 300 400 2008 Kosovo declaration of independence rect 300 200 600 400 2008 Sichuan earthquake rect 0 400 200 600 Kingston Fossil Plant coal fly ash slurry spill rect 200 400 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Summer Olympics
The 2008 Summer Olympics (), officially the Games of the XXIX Olympiad () and also known as Beijing 2008 (), were an international multisport event held from 8 to 24 August 2008, in Beijing, China. A total of 10,942 athletes from 204 National Olympic Committees (NOCs) competed in 28 sports and 302 events, one event more than those scheduled for the 2004 Summer Olympics. This was the first time China had hosted the Olympic Games, and the third time the Summer Olympic Games had been held in East Asia, following the 1964 Olympics in Tokyo, Japan, and the 1988 Olympics in Seoul, South Korea. These were also the second Summer Olympic Games to be held in a communist state, the first being the 1980 Summer Olympics in the Soviet Union (with venues in Russia, Ukraine, Belarus, and Estonia). Beijing was awarded the 2008 Games over four competitors on 13 July 2001, having won a majority of votes from members of the International Olympic Committee (IOC) after two rounds o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russo-Georgian War
The 2008 Russo-Georgian WarThe war is known by a variety of other names, including Five-Day War, August War and Russian invasion of Georgia. was a war between Georgia, on one side, and Russia and the Russian-backed self-proclaimed republics of South Ossetia and Abkhazia, on the other. The war took place in August following a period of worsening relations between Russia and Georgia, both formerly constituent republics of the Soviet Union. The fighting took place in the strategically important South Caucasus region. It is regarded as the first European war of the 21st century. The Republic of Georgia declared its independence in early 1991 as the Soviet Union began to fall apart. Amid this backdrop, fighting between Georgia and separatists left parts of the former South Ossetian Autonomous Oblast under the ''de facto'' control of Russian-backed but internationally unrecognised separatists. Following the war, a joint peacekeeping force of Georgian, Russian, and Ossetian troops wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cyclone Nargis
Extremely Severe Cyclonic Storm Nargis ( my, နာဂစ်, ur, نرگس ) was an extremely destructive and deadly tropical cyclone that caused the worst natural disaster in the recorded history of Myanmar during early May 2008. The cyclone made landfall in Myanmar on Friday, 2 May 2008, sending a storm surge 40 kilometres up the densely populated Irrawaddy delta, causing catastrophic destruction and at least 138,373 fatalities. The Labutta Township alone was reported to have 80,000 dead, with about 10,000 more deaths in Bogale. There were around 55,000 people missing and many other deaths were found in other towns and areas, although the Myanmar government's official death toll may have been under-reported, and there have been allegations that government officials stopped updating the death toll after 138,000 to minimise political fallout. The feared 'second wave' of fatalities from disease and lack of relief efforts never materialised. Damage was at $12 billion, making Nargi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
November 2008 Mumbai Attacks
The 2008 Mumbai attacks (also referred to as 26/11, pronounced "twenty six eleven") were a series of terrorist attacks that took place in November 2008, when 10 members of Lashkar-e-Taiba, an Islamist terrorist organisation from Pakistan, carried out 12 coordinated shooting and bombing attacks lasting four days across Mumbai. The attacks, which drew widespread global condemnation, began on Wednesday 26 November and lasted until Saturday 29 November 2008. A total of 175 people died, including nine attackers, and more than 300 were wounded. Eight of the attacks occurred in South Mumbai: at Chhatrapati Shivaji Terminus, the Oberoi Trident, the Taj Palace & Tower, the Leopold Cafe, the Cama Hospital, the Nariman House, the Metro Cinema, and in a lane behind the ''Times of India'' building and St. Xavier's College, Mumbai, St. Xavier's College. There was also an explosion at Mazagaon, in Mumbai's port area, and in a taxi at Vile Parle. By the early morning of 28 November, all s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Mumbai Attacks
The 2008 Mumbai attacks (also referred to as 26/11, pronounced "twenty six eleven") were a series of Terrorism, terrorist attacks that took place in November 2008, when 10 members of Lashkar-e-Taiba, an Islamist terrorist organisation from Pakistan, carried out 12 coordinated shooting and bombing attacks lasting four days across Mumbai. The attacks, which drew widespread global condemnation, began on Wednesday 26 November and lasted until Saturday 29 November 2008. A total of 175 people died, including nine attackers, and more than 300 were wounded. Eight of the attacks occurred in South Mumbai: at Chhatrapati Shivaji Terminus, the Trident Hotel, Nariman Point, Oberoi Trident, the The Taj Mahal Palace Hotel, Taj Palace & Tower, the Leopold Cafe, the Cama Hospital, the Nariman House, the Metro Adlabs, Metro Cinema, and in a lane behind the ''Times of India'' building and St. Xavier's College, Mumbai, St. Xavier's College. There was also an explosion at Mazagaon, in Mumbai's po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subprime Mortgage Crisis
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the Financial crisis of 2007–2008, 2007–2008 global financial crisis. It was triggered by a large decline in US home prices after the collapse of a 2000s United States housing bubble, housing bubble, leading to Mortgage loan, mortgage delinquencies, foreclosures, and the devaluation of Mortgage-backed security, housing-related securities. Declines in residential investment preceded the Great Recession and were followed by reductions in household spending and then business investment. Spending reductions were more significant in areas with a combination of high household debt and larger housing price declines. The housing bubble preceding the crisis was financed with Mortgage-backed security, mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially offered higher interest rates (i.e. better returns) than go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Kosovo Declaration Of Independence
The 2008 Kosovo declaration of independence, which proclaimed the Republic of Kosovo to be a state independent from Serbia, was adopted at a meeting held on 17 February 2008 by 109 out of the 120 members of the Assembly of Kosovo, including the Prime Minister of Kosovo, Hashim Thaçi, and by the President of Kosovo, Fatmir Sejdiu (who was not a member of the Assembly). It was the second declaration of independence by Kosovo's Albanian-majority political institutions; the first was proclaimed on 7 September 1990. The legality of the declaration has been disputed. Serbia sought international validation and support for its stance that the declaration was illegal, and in October 2008 requested an advisory opinion from the International Court of Justice. The Court determined that the declaration did not violate international law, because a group of people declared independence called the representatives of the people of Kosovo ( sq, Udhëheqësit e popullit tonë, të zgjedhur në ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lehman Brothers
Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before Bankruptcy of Lehman Brothers, filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill (company), Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, Stock, equity, Bond (finance), fixed-income and Derivative (finance), derivatives sales and stock trading, trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beijing
} Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 million residents. It has an administrative area of , the third in the country after Guangzhou and Shanghai. It is located in Northern China, and is governed as a municipality under the direct administration of the State Council with 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province with the exception of neighboring Tianjin to the southeast; together, the three divisions form the Jingjinji megalopolis and the national capital region of China. Beijing is a global city and one of the world's leading centres for culture, diplomacy, politics, finance, busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kingston Fossil Plant Coal Fly Ash Slurry Spill
The Kingston Fossil Plant coal fly ash slurry spill was an environmental and industrial disaster that occurred on Monday December 22, 2008, when a dike ruptured at a coal ash pond at the Tennessee Valley Authority's Kingston Fossil Plant in Roane County, Tennessee, releasing of coal fly ash slurry. The coal-fired power plant, located across the Clinch River from the city of Kingston, used a series of ponds to store and dewater the fly ash, a byproduct of coal combustion. The spill released a slurry of fly ash and water, which traveled across the Emory River and its Swan Pond embayment, onto the opposite shore, covering up to of the surrounding land. The spill damaged multiple homes and flowed into nearby waterways including the Emory River and Clinch River, both tributaries of the Tennessee River. It was the largest industrial spill in United States history. The initial spill, which resulted in millions of dollars worth of property damages and rendered many properties unin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as monetary policy, incr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
