Word: americanization
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...American liberals have long complained that ours is the only advanced industrial country without universal health care. Well, now we shall have it. And as we approach European levels of entitlements, we will need European levels of taxation...
Lowenstein is terrific at walking the reader through complex economic events, and he artfully traces the development of the subprime-mortgage disaster. It sounds like a lofty ideal when Angelo Mozilo, a co-founder of Countrywide, says in a speech in 2003, "Expanding the American dream of homeownership must continue to be our mission, not solely for the purpose of benefiting corporate America, but more importantly, to make our country a better place." Countrywide and others made mortgages available to anyone with a pulse, aided and abetted by Wall Street, which created the market for exotic mortgage derivatives...
...Motorola knows all too well, it will take a red-hot hit to capture those new customers. The 81-year-old American institution, based in Schaumburg, Ill., has a celebrated history: its engineers invented the cell phone and, before that, the walkie-talkie, as well as one of the world's first semiconductors. By the early 2000s, it had also produced the best-selling mobile phone of all time, the StarTAC, the world's first clamshell. It surpassed that feat with the ultra-sleek Razr, introduced in 2004. The Razr transformed the mobile market, and more than 100 million units...
...basis for the 1988 film Stand and Deliver, died March 30 at 79 after a years-long battle with bladder cancer. Upon arriving in the U.S. from Bolivia, Escalante studied English at night to earn his California teaching credentials. At Garfield High School, he found that his primarily Mexican-American working-class students were oppressed by a culture of low expectations, and he began to overhaul the school's math curriculum. His young charges did so well on the 1982 advanced-placement calculus exam that suspicious officials made a dozen of them retake the test. Each and every one passed...
...users, nearly 40% say they would switch to an iPhone for their next purchase. "Much of Droid's success has resulted from Verizon pushing it as its lead product," says Jefferies & Co. analyst William Choi. "What happens when Verizon can sell the iPhone?" (See 10 ways Twitter will change American business...