Word: 1990s
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Dates: during 2000-2009
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German skepticism about the utility of big government-spending programs endures, bolstering Merkel's determination to resist international pressure to take more decisive action to counter the economic crisis. Among those arguing forcefully against any new stimulus packages is the Taxpayers' Federation. Holznagel says that in the early 1990s his organization kept to itself doubts about the big spending on reunification - it was politically foolish to do otherwise. But now, he says, "the situation is completely different. The danger is always that money is spent neither appropriately nor efficiently...
...Jarlais's studies of HIV infection among drug addicts in New York City have found that new infection rates dropped more than 75% after city and community activists expanded clean-needle programs, beginning in the early 1990s, and later legalized possession of needles. Likewise, needle-exchange programs in other cities, including - after a rocky start - Montreal and Vancouver, had similarly significant impact. So, why has the federal funding ban on these programs, enacted by Congress in 1988, remained intact for two decades...
...much of the 1990s, spoke to large crowds at her front gate every Saturday and Sunday...
...indication that consumer spending, typically a driver of economic upturns, may well be a drag this time. Personal-consumption expenditures as measured by the Commerce Department's Bureau of Economic Analysis had grown to more than 70% of gross domestic product (GDP) in recent years, well above the 1950s-1990s average of 64%. This was an artifact of the consumer and mortgage credit boom of the 2000s, and economists ranging from Morgan Stanley's Stephen Roach to White House economic czar Larry Summers had been proclaiming for several years that the percentage had to come down. It has thus...
...year cicadas. Just as reliably, you can count on it to make a big stir and then vanish with hardly a trace. If there's any reason to hope that things might be different this time, it comes from looking at what is driving the conversation. In the early 1990s, the argument was all about covering the 37 million or so uninsured. In 2009, after much of the rhetoric on last year's campaign trail focused on the growing ranks of the uninsured, the major thrust of health-care reform centers on something that affects everyone: the staggering cost...