Schadenfreude (ˈʃaːdənfrɔydə) (noun): “malicious joy in the misfortunes of others,” 1922, from Ger., lit. “damage-joy,” from schaden “damage, harm, injury” (see scathe) + freude, from O.H.G. frewida “joy,” from fro “happy,” lit. “hopping for joy,” from P.Gmc. *frawa- (see frolic).
Application: I feel a delicious sense of schadenfreude when Nevsun stock goes down.
Justification: Human Rights Watch Report on use of slave labor in Eritrea: Hear No Evil