Word: 1970s
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Dates: during 2000-2009
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Upon that basis, economists and finance scholars cleared the way in the 1970s for a new approach to investing and risk management that included index funds, risk-weighted portfolio allocation and mathematical models to price options and other derivatives. A lot of this was, as with Fisher's economics, useful. But a basic assumption underlying much of it--that prices were reliable reflections of economic reality--was problematic...
...prices) and lamented at the 1984 meeting of the American Finance Association that "virtually no mainstream research in the field of finance in the past decade has attempted to account for the stock-market boom of the 1960s or the spectacular decline in real stock prices during the mid-1970s...
...recent years, DNA evidence has also been instrumental in identifying human remains. Authorities established a massive genetic database following the Sept. 11 attacks, and DNA science helped give closure to the relatives of victims of Argentina's "dirty war," the bloody crackdown by military rulers in the late 1970s and early '80s. Among them is Hugo Omar Argente, whose brother Jorge was a victim of a 1976 dynamite blast. "They called me on the phone and said the test results had identified him," he told a reporter. "I just cried and cried...
...Defining the parameters of this new normal is not something that can be done with pinpoint precision. I started paying attention to the news (and subscribing to TIME) during another period of economic turmoil, the late 1970s, and soon became convinced that I would never know a world in which gas was affordable, inflation wasn't in double digits and jobs were anything but scarce. Then the 1980s and '90s happened. So there is a danger in extrapolating present conditions to the future - and the U.S. economy has a wonderful penchant for surprising us all to the upside...
...products, like in last year's tainted-milk scandal, defending Tibetans accused of agitating for independence and, as in Li's case, defending followers of Falun Gong. "Lawyers no longer serve only as instruments of political control like how they were expected to perform from the 1950s to the 1970s," says Albert Ho, a Hong Kong solicitor and chairman of China Human Rights Lawyers Concern Group. "With the opening and liberalization of China, it needs to build a system of law and a sound legal system. The government and the governing party shall abide by the law. But they...