Word: digitalizing
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Dates: during 2000-2009
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...over alleged fraud, theft and money-laundering; and Prime Minister Ehud Olmert may be indicted for taking more than $150,000, mostly in cash, from a New York businessman. A popular bumper sticker says, OLMERT, YOU DISGUST ME. The deepening sense of odium is reflected in Olmert's single-digit popularity ratings. He may be forced to resign within weeks, and already politicians have begun to handicap the succession...
...become an iconic symbol of the times, by long lines at gasoline stations. In 1974, in an attempt to overcome the unintended consequences of price controls, drivers in many places were permitted to buy gasoline only on odd or even days of the month, depending on the last digit of their license plate number. Moreover, with the controlled price of U.S. crude oil well below world prices, growth in domestic exploration slowed and production was curtailed--which, of course, only made things worse...
...central banker, a particularly critical difference between then and now is what has happened to inflation and inflation expectations. The overall inflation rate has averaged about 3-1/2 percent over the past four quarters, significantly higher than we would like but much less than the double-digit rates that inflation reached in the mid-1970s and then again in 1980. Moreover, the increase in inflation has been milder this time--on the order of 1 percentage point over the past year as compared with the 6 percentage point jump that followed the 1973 oil price shock.4 From the perspective...
...affair. For the first time since 1968’s famous 29-29 Harvard victory, both teams entered with perfect 6-0 Ivy records, and Yale was an immaculate 9-0 overall. The Bulldogs had spent the season dominating Ivy opponents, winning every league contest save one by double-digit margins, never allowing more than 17 points in regulation and becoming the first team to score 50 or more points twice in a single Ivy campaign. Yale running back Mike McLeod, despite a nagging toe injury, was averaging 174.3 yards and over three touchdowns per game...
...mortgage rates have discouraged British house hunters already struggling to meet bloated food and fuel bills. Repossessions are expected to soar by two-thirds this year to some 45,000. The result: property prices look set to fall further. Halifax, Britain's leading mortgage lender, forecasts "a mid-single-digit percentage decline" in 2008; Capital Economics, a London-based consultancy, predicts a slump of as much as 20% between last fall...