Word: 2000s
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Dates: during 2000-2009
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...Nokia has been through this before in the early 2000s, when in deference to operators it toned down an initiative called Club Nokia, a portal for selling games and ringtones. But things are different this time, because as Kallasvuo put it, the Internet, and in particular the mobile Internet, "is one of the most opportunity-rich markets the world has ever seen." Nokia can't step aside for operators because the competition is already fierce and because more boundaries between which companies do what are falling every day. Not only has Apple entered the phone business...
...Caruso, and the album, a huge hit, gave rise to the classical recording industry. In The Life and Death of Classical Music the smart, crusty, blustery critic Norman Lebrecht frog-marches readers, prestissimo, through the glory days of Toscanini and Glenn Gould to the bloated collapse of the early 2000s, brought on by inflated contracts, corporate mismanagement, mindless rerecordings of the warhorses and a welter of weak-minded classical-lite crossover acts. The book ends with a list of the 100 best classical recordings of all time, richly annotated with backstage gossip--and the 20 worst. When Lebrecht takes apart...
...workers in Japan are part-timers like Haruko, up from 20% in 1994. The change is the result of a painful transformation that saw Japanese corporations drastically cut back on hiring while shedding tens of thousands of workers during the economically disastrous years of the 1990s and early 2000s...
...This was an early instalment in Rebekah Beddoe's calamitous encounter with psychiatry, which she recounts in Dying for a Cure (Random House; 346 pages). While the memoir focuses on how psychotropic drugs sent her mad during the early 2000s, Beddoe's account of her dealings with the eminent Melbourne psychiatrist she calls "Max Braydle" also shines an unflattering light on the talking component of the profession. "Terrible," says Jon Jureidini, head of psychological medicine at the Adelaide Women's and Children's Hospital, of the methods Beddoe ascribes to Braydle. "Sadly, people who read this book will think that...
Neither could Dutch tulip-bulb speculators in the mid-1600s nor American day traders in the dotcom boom of the late 1990s nor even Chinese investors in the early 2000s. The history of investing demonstrates that there is no faith stronger than that of newbies plunging into a molten market. And that certainly describes China today. Emboldened by last year's 130% rise in the Shanghai Composite Index--which made Shanghai one of the best-performing exchanges in the world--first-time punters like Du have been storming into Chinese stocks, ending the market's five-year slump...