Word: 1990s
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Dates: during 2000-2009
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...Slowly but surely, Japan has reconstituted its financial sector after its Lost Decade of the 1990s, and now its firms are in a position to expand aggressively abroad. Japanese financial institutions shed some $440 billion in bad debt since the late 1990s and have been barely grazed by the subprime crisis, partly because they were reducing debt as western firms were taking on more and more. Now, the bargains available in the U.S. afford Japanese banks an opportunity to move beyond their mature home market. Japan's economy is the world's second-largest, but it is plagued by slow...
...Saturday's decision also diminishes chances that the controversial 1990s arms deal over which Zuma has faced charges, will ever be properly investigated - although its corrosive legacy will live on. In his ruling last week, Judge Nicholson called for a commission of inquiry "to rid our land of this cancer that is devouring the body politic and the reputation for integrity built up so assiduously after the fall of apartheid." Instead, it appears that Zuma will assume the presidency before he ever has his day in court...
...part it's immigration, which has long been an emotive issue for Austrians. Austria's location in the heart of Central Europe has made it a favored destination for several generations of migrants, from Hungary in 1956, Czechoslovakia in 1968 and, most recently, the former Yugoslavia in the 1990s. Against this modern reality stands Austria's relish of its historical role as a bulwark against eastern encroachments. The repulse of the Ottoman Empire's army from Vienna in 1683, when Muslim hordes were feared to be on the verge of overrunning Europe, is still widely commemorated. At the same time...
...Jest, his 1,079-page (and 388-footnote) meta-epic of tennis, drug addiction, art, terrorism and loneliness set in a future when each year is known by the name of its corporate sponsor (e.g., the Year of the Trial-Size Dove Bar). Infinite Jest was the quintessence of 1990s literary maximalism, and it became instant required reading. Enough with those '80s party-boy writers! Here was a novelist with the industrial-strength intellectual chops to theorize even our resolutely anti-intellectual age. Wallace became a reluctant literary pinup, with his stubbly outsize chin and his shoulder-length hair...
...genre they founded has lived on, and each decade has given it a different period savor. The 1990s produced slacker crack-ups like Girl, Interrupted and Prozac Nation. Now, in the 2000s, we have Hurry Down Sunshine (Other Press; 234 pages), Michael Greenberg's account of his daughter Sally's psychotic break, which she experienced at the tragically precocious...