Word: 1980s
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Dates: during 2000-2009
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...allowed it to float freely in currency markets, the subsequent dollar crash led to talk of establishing the SDR as global reserve currency. That faded when the high interest rates set by Federal Reserve Chairman Paul Volcker to throttle inflation lured foreigners back to the dollar in the early 1980s...
...just one sign that long before there was an immigration crisis in St. Helens, there was a globalization crisis. "This is a timber town that never came out of the recession in the 1980s," says Marcy Westerling, a longtime resident and pro-immigrant activist. Blessed by an abundance of Douglas fir and hemlock, the town once hummed with pulp plants, stud mills and palletmakers. A few decades ago, though, the mighty Columbia began delivering logs from Canada, then ready-made office paper from Asia. The financial swoon of 2008 was just a final insult to what remained of the town...
...That discomfort is exactly what the agencies count on. The idea of using costumed collectors dates back to the 1980s, when a company, the Cobrador del Frac (or Tuxedo Collector), began sending out agents dressed in black ties and driving cars emblazoned with the company logo. Others followed suit, in ever more extravagant getups, all of them banking on the debtor's sense of shame to motivate repayment. "Personal honor, your public image, is still very important in Spain," says José Romero of the Zorro Collectors. "If one of our agents shows up at an apartment, everyone...
China is laying out plans to dramatically reform its health care system by expanding coverage for hundreds of millions of farmers, migrant workers and city residents. To fix a system plagued by rising costs and diminishing access, the country is moving away from the market reforms introduced in the 1980s and returning to a more socialist health care system...
That's one reason failure in Afghanistan is not an option. An Afghan businessman adds another. He lived through the resistance to the Soviets in the 1980s, only to see the U.S. abandon Afghanistan when they left. Another betrayal, he thinks, could produce the same blowback that helped lead to 9/11. "If Afghanistan is sold out again," he says, "you would be basically giving 60% of the nation into the hands of the people who want to destroy the West. And I can tell you that these young Afghans are ingenious, they are creative and they know...