Word: ende
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Dates: during 2000-2009
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Cash-conscious shoppers are hoping to see a repeat of 2008's eye-popping discounts, when markdowns, even on high-end fashion duds, exceeded 75% in the weeks leading up to Christmas. Although retailers are insisting that they won't resort to jaw-dropping discounts this year, what happens will ultimately depend on how much and how quickly they get consumers to start spending. And it won't be easy. (See TIME's Holiday Gift Guide...
...end, it will come down to a game of chicken, in which consumers face off with retailers over price to see who blinks first, says AlixPartners' Eshelman. But with inventories significantly lower, the desperate markdowns may never happen. "Retailers are focused much more on profitability than on sales growth," he says. "So I think retailers have a better chance of winning that game of chicken this year than in years past...
...unfortunate tipping point of deregulation. Glass-Steagall, passed in 1933, separated investment banking and plain-vanilla banking, which some experts argued made markets safer. (Certain restrictions of Glass-Steagall were repealed to allow the merger of Citicorp and Travelers. Let's just say that didn't end well.) "That was the single moment when the seeds for the bad stuff were planted," says Brands. "There was a belief that technology, the Internet and financial instruments had changed things, and the ones selling this idea and these instruments were making a lot of money...
...decades-old Hyde Amendment, the federal law that prohibits funding of abortions through Medicaid and other federal health plans except in the case of rape, incest or to save the woman's life. By restricting abortion coverage through the so-called exchange, critics say, the Stupak amendment will end up limiting the availability of abortions, especially for the low-income women who would qualify for federal subsidies to help purchase policies. Stupak charged that the Dems' compromise proposal, which would have segregated public funds from private funds that could be used to pay for abortions, was tantamount to subsidizing murder...
...Blair's government, were criticized by opponents of the war for being too narrowly focused and timid in their criticism of the country's leadership. By taking a wide scope and examining almost every aspect of the war, from Britain's pre-Sept. 11 policies on Iraq to the end of British combat operations in April of this year, the Iraq inquiry may offer a definitive portrait of the problems associated with the invasion. (See a month-by-month review of the Iraq...