Word: crash
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Dates: during 2000-2009
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When the U.K. housing market last hit the skids, with prices slipping by a third in the six years from 1989, unemployment and interest rates were both higher. This time around, the hope is that Britain's shortage of housing supply may help prevent such a bloody crash. The rate of housebuilding in Ireland and Spain - both of whose markets have overheated in recent months - more than doubled in the decade to 2006. In the U.K., the increase was just 12%. Demand ought to remain robust, says Ball, with "long-term rising incomes bashing against the cliff of tight supply...
...Factory 420 made airplane engines for the North in the Vietnam War. To raise consciences, and collective guilt, the factory brandished a photo of a young pilot who had been killed in a crash of a plane assembled there. The film interweaves the political overview - of a city institution being torn down to be replaced by commercial and residential buildings - with personal anecdotes that are poignant and charming. One woman recalls being at her parent's home with seven siblings, saying, "It was like an elephant living in the stomach of a sparrow...
...There's a transition, obviously, moving from a candidate for the presidency back to the Senate, but I loved the Senate before I ran," Kennedy said, walking slowly through the Capitol building, hunched due to chronic back pain he suffers from a 1964 plane crash. "I came to the Senate at an early age. I always wanted to be in the Senate. I love it now, and so I very quickly adapted to returning to the Senate...
...This election year, the economy is again at the forefront of voters' minds. The misery index is no longer the problem; at 9% and change, it's miles below the 20% of late 1980. But Americans have a new menu of economic woes - among them a real estate crash, a credit crisis, a broken health-care system and nagging job insecurity. Poll after poll shows a vast majority convinced that the economy and the country are headed in the wrong direction...
...with tax cuts and deregulation. A lot of the cracks that have emerged during that time, because of global economic shifts or our own neglect, have become impossible to ignore - stagnant incomes, a federal budget gone way out of balance, soaring energy prices, a once-in-a-lifetime housing crash and growing financial risks in retirement and from health care...