Word: 1970s
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Dates: during 2000-2009
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...lengthy productivity slump beginning in the early 1970s that created concern among economists such as Krugman. Low productivity growth explained much of what had gone wrong with the U.S. economy: stagnant wages, high inflation, ground lost to Japan. But what caused it? The most convincing explanation came from Northwestern University's Robert J. Gordon. In the early and mid-20th century, he argued, the U.S. benefited from a spectacular confluence of technological innovation involving electricity, the internal combustion engine, petrochemicals and communications. By the 1970s the economic impact of innovation in these fields had waned, and nothing came along...
...1970s, though, Bali and Phuket were inundated by foreigners searching for unspoiled hideaways. Tourism soon dominated other industries, with hotels and nightclubs lining once empty beaches. By the 1990s, as overworked Hong Kong investment bankers and Europeans priced out of the Mediterranean real estate market began looking for getaway-home alternatives, the residential property markets in Bali and Phuket began to sizzle. On the Indonesian island, vacation homes mostly take the form of individually constructed villas or those built by smaller developers. The houses, usually designed in a Bali modern style that is now an architectural touchstone for tropical hotels...
...Knife College, named for a Northern Cheyenne hero and fervent advocate for education. It and 36 other tribal colleges and universities, with a total of about 27,000 students, are a little-known part of American higher education. Like the other colleges, Chief Dull Knife was founded in the 1970s in protest over the curriculums that white institutions offered. "There was no connection with the reality at home," says its president, Richard E. Littlebear. The Indian students often had to endure racial cruelty too. "They called us 'prairie niggers,'" recalls...
President Daniel Ortega, Nicaragua's macho and mustachioed Sandinista commandante of the 1970s and '80s, may claim the mantle of revolutionary "new man," but Latin America's feminists insist Ortega is a dirty old man. Throughout the continent, Ortega is being hounded by feminist groups over his alleged sexual abuse of stepdaughter Zoilamerica Narvaez during the 1980s. The allegation first surfaced in 1998, but was eventually dismissed by a Sandinista judge without investigation or trial - despite an investigation by the InterAmerican Commission on Human Rights, which determined that the case had merit. In most democracies, the furor would have been...
...victims of extreme leftists who terrorized Italy during the 1970s and 1980s weren't outraged enough by Sarkozy's climb-down on Petrella, their fury was presumably further stoked at learning the back story of the move: Sarkozy's Italian-born wife, Carla Bruni, and her sister, Valeria Bruni-Tedeschi, had lobbied the President not to extradite the gravely ill Petrella to Rome - it even fell to the sisters to personally break the news of that reprieve to the former terrorist. "We could not let this woman die," Bruni told the daily Libération Monday in explaining her intervention...