Word: act
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Dates: during 2000-2009
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...stimulus bills to prevent the phantom of deflation from materializing itself: From developed countries like Germany to developing nations such as India and China, everyone seems to be doing it. By far the most publicized attempt has been President Obama’s euphemistically named American Recovery and Reinvestment Act, which flew through Congress a couple of weeks ago. But in measures like these hides perhaps the most pervasive economic threat to future global stability and prosperity: economic nationalism...
...With all due respect, the senator should know better. The Smoot-Hawley Tariff Act of 1930, perhaps the best-known protectionist law in history, erected tariff barriers for over 20,000 products after the Wall Street crash in 1929. It may have gotten the lawmakers that passed it reelected, given the short-term boost in domestic demand, but it was a cataclysmic event for the global economy in the medium and long run: Countries soon became entangled in a protectionist race and subsequent trade war that caused American foreign trade (imports and exports) to almost halve. According to Milton Friedman...
...literature to the privacy of one’s bedroom. It wasn’t so long ago that art was profoundly social in character, when the retelling of stories brought the whole tribe together, when depicting played a central role in religious rites, when dance was the act that taught man how to work and live in synchrony. OK, yes, I’ll admit, it was pretty long ago when dancing around the campfire equipped us to hunt down our dinner in concert, but not so long ago that it should seem perfectly natural for us that...
...scenes, capturing the desperate chaos of the city. The sex is graphic—blow jobs are not faked, full nudity is not uncommon—but it does not possess the showiness or glamour of its Hollywood equivalent, and every sexual scene lacks a sense of arousal; the act, it seems, cannot truly be enjoyed. Awkward as it may be to watch any sex scene in a theatre, the most disturbing aspect of watching these relations stems from the look of unpleasant necessity, rather than pleasure, that occupy the participants’ faces. A nagging guilt, like the unpleasant...
...stands like a luxurious monument of defiance to the recession. It is not; it cannot. Wynn Resorts boss Steve Wynn has cut room rates to as little as $169 a night - the original projected rates were something on the order of $350 - but he won't cut service. That act of defiance means the Encore is a pretty astonishing value for any visitors in the mood to treat themselves to a Las Vegas fling in these tough times. The $2 billion, 2,034-room project adjoins the Wynn - the hotels are connected by a retail alley - completing Steve Wynn...