Word: 1980s
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Dates: during 2000-2009
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...recession. Oil demand in rich countries has crashed since the onset of the economic crisis last year, and is now at its lowest level since about 1981, according to the Paris-based International Energy Agency. U.S. oil inventories - the stored surplus - this month reached their highest level since the 1980s. And about 2.6 billion barrels are currently stored in commercial tankers around the world. "There is some risk we will run out of storage space in the next four to six weeks," says Simon Wardell, director of global oil at IHS Global Insight, an energy-forecasting company in London...
...that Kurras was in the pay of the East German secret police? The question is all the more sensitive since that movement spawned the Red Army Faction, postwar Europe's most deadly terrorist organization, which killed at least 34 people in a series of flamboyant attacks stretching into the 1980s. (Read "Germany's Islamic Terrorists: Echoes of Baader-Meinhoff...
...African Americans - most Latinos feel Obama needs to ratchet up his commitment to it - and Latinos aren't as passionate about affirmative action. But it is indeed hard to overstate what a sea change their apparent alliance represents. As the U.S. Latino population began to mushroom in the 1980s and minority competition for employment and resources became more acute, the black-brown divide turned into a chasm. Many blacks viewed Latinos as interlopers getting a free ride on the civil-rights trail African-Americans had blazed; Latinos resented the notion that they were merely junior partners in minority politics, that...
...Over the years, the quaint little gurdwara on the Rudolfsheim Street on the outskirts of Vienna has become a hub of Sikh separatists who supported an insurgency in Punjab during the 1980s and 1990s. The insurgency was eventually stamped down by an iron-fisted state, and many of its supporters sought and received political asylum in Europe. As Austria's legal South Asian community has become more established, thousands of illegal Sikh migrants from all over Europe have gravitated there. "The gurdwara was lush with offerings from a nostalgic and large-hearted diaspora," says Ramesh Vinayak, who heads the Punjab...
...boom and bust cycle served it well during what was the kingdom's third great oil boom of the past four decades. After the high prices of the 1970s, Saudi Arabia's economy went through a long-drawn-out slowdown as oil revenues plummeted for most of the 1980s. After a spike when Iraq invaded Kuwait, prices weakened again in the 1990s, even as Saudi struggled to pay off its (large) chunk of the bill for the first Gulf War. At the height of the Asian financial crisis in 1998, oil prices had fallen to just $12 a barrel. This...