Word: boom
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Dates: during 2000-2009
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...guaranteed job security and total employment as the primary forms of welfare, while workers were supposed to plug any gaps in the social safety net themselves with prodigious savings. Strategic industries were propped up to protect jobs. This system worked fine when earnings were plentiful during the postwar boom. But today the policies sap the strength of small- and medium-sized businesses, a major source of new jobs. At the same time, younger Japanese are crowded out of the workforce by graying incumbents in cradle-to-grave employment. (Read "Japan, After The Bubble...
...keep the wealthy and powerful in their privileged positions, publicized its facetious demand for a minimum wage for rich people by barging in on a swanky Rotary Club lunch honoring Jean Sarkozy - son of French President Nicolas Sarkozy and a rising political star in his own right. With a boom-box blaring the theme music from the series Dallas, Save the Rich members handed Sarkozy fils an award for "Best Daddy's Boy" and congratulated him on his work to protect France's cosseted élite. Video of the encounter ran on French TV for days. "The idea...
...boom took hold and the barrel size was set at 42 gal. (160 L), Pennsylvania's roads became clogged with horse-drawn wagons piled high with the containers, prompting construction of the first oil pipelines (made of wood) and leading 25-year-old John D. Rockefeller to form what became the Standard Oil Co. It eventually controlled up to 90% of U.S. oil-refining until the company was broken up in 1911. (See pictures showing the history of the Exxon Valdez disaster...
...Their goal is to help homeowners like Ruby Milligan, a single, 61-year-old retired middle school teacher who suffered a mild stroke a few years ago. During the housing boom, when her three-bedroom Miami Gardens house was appraised at what she now acknowledges was an unrealistic $294,000, Milligan says she took out adjustable-rate home-equity loans to help with medical bills. They raised her mortgage principal to far more than the house is now worth in the housing bust. Her mortgage interest has since adjusted up sharply, and she's saddled with monthly payments that...
...south New Delhi, "to understand discrimination, to understand equality, to learn how to respect differences." After Gopalan returned to India in 1994 to be closer to her aging parents, she started the Naz Foundation (India) Trust, one of the country's first HIV/AIDS groups. Well before India's economic boom or the push to decriminalize gay sex, the movement helped to introduce issues concerning sexual orientation and sexuality into India's public discourse. "The government itself was funding programs for men who have sex with men," she says...