Word: 1980s
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Dates: during 2000-2009
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...enough of Mahmoud Ahmadinejad's economic missteps, bellicose rhetoric and beige windbreakers. But the man with the best shot at unseating the fiery incumbent in Iran's Presidential elections isn't the youthful or charismatic candidate one might expect. Though he served as Iran's Prime Minister during the 1980s, Mir-Hossein Mousavi, the pragmatic reformist who has emerged as Ahmadinejad's most serious challenger, is stepping back into the political spotlight after what the Iranian media has dubbed "20 years of silence." Mousavi's low profile may work to his benefit. Iranians seeking an alternative to Ahmadinejad's truculence...
...look at the amount of debt the typical household carries as a percentage of its disposable income. The ratio of debt to income increased from about 35% in the early 1950s to about 65% by the mid-1960s, where it more or less stayed until the late 1980s. That's when debt started its epic rise, hitting 100% of income in 2001 and going all the way up to 133% in 2007. (Read "Five Reasons for Economic Optimism...
...that raises an interesting question: Why would we think that a debt-to-income ratio of 100% is sustainable? Well, for one thing, the economy has ostensibly evolved since the 1950s, and even since the 1980s. Advancements like securitized lending seem to have created a system in which interest rates are lower and consumers are able to shoulder more debt than they once were. The percentage of income that goes toward paying interest on debt went from 11% at the beginning of 1980 to 14% at the beginning of 2008, a much smaller jump than the increase in gross amount...
...Established in 1890, Tilleke & Gibbins is Thailand's oldest law firm. It got involved in intellectual-property law in the early 1980s, and by 1989 the company had stockpiled so many phony bags, clothing and sunglasses as evidence in its IP cases that a senior partner decided they could do a valuable public service by putting them on display. In today's troubled economic times, the role of the appointment-only museum is arguably growing in importance as consumers worldwide become desperate for bargains. Security experts with the Hong Kong-based consultancy Asia Risk recently estimated that international trade...
...Originally a small-scale guerrilla group in southern Lebanon formed to resist Israeli invasion in the 1980s, Hizballah built its reputation on a dogged ability to repeatedly hold its own against Israeli forces -an achievement nearly unprecedented in the Arab world. (See rare pictures of Hizballah's youth movement...