Word: eras
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...authors of the Lancet study, tells TIME that recessions have other deleterious social effects not directly related to health and that measuring an economic downturn's overall health impact is a vexed undertaking. "It is true, for instance, that mortality rates reduced significantly during the Great Depression, but that era also saw the rise of fascism, followed by a world war," he says. "So there's no simple way to measure the impact of recessions on a population's welfare." (See pictures of the dangers of printing money in Germany...
...Stewart's Daily Show too has seemed even more energized in the Obama era. Stewart's great discovery, of course, was that political satire in the 2000s no longer requires actual jokes. All that's needed is merely to present the hypocrisy and pomposity of political leaders in their raw, unvarnished form (Republicans denouncing Sonia Sotomayor on the floor of the U.S. Senate, say, before her inevitable confirmation) and append it with a sarcastic exclamation point or simply a mugging reaction shot. And if conservative politicians and talk-show hosts still bear the brunt of most of Stewart's barbs...
Indeed, the Obama era has helped clarify an often overlooked dichotomy in late-night TV comedy: the divide between the political satirists (Stewart, Stephen Colbert, Letterman much of the time) and the topical jokesters (Leno, Conan O'Brien and Jimmy Fallon). O'Brien's middle-of-the-road, Carsonesque wisecracks in particular ("President Obama's approval ratings have slumped to an all-time low, which explains Obama's new Secret Service code name: NBC") are looking comparatively tame now that he's opposite the increasingly politicized Letterman - whose contempt for Bush-era politics comes through in his interviews as much...
...transformation from a firm that depended on its clients for investment-banking revenue - fees generated from advising on deals to underwriting debt and equity securities - to one whose clients are driving a resurgent trading and risk-taking business. Goldman has a tradition of taking trading risks. In the postwar era, the firm's DNA has always combined the interlocking strands represented by two of the world's foremost risk arbitrageurs - first Gus Levy and later Robert Rubin - with the investment-banker pedigree of former senior partners, including Sidney Weinberg, John Weinberg, John Whitehead, Stephen Friedman and Paulson. "We would never...
...into the realms of trying to assess the behind-the-scenes influence that he exerted, and that's not so easy," says Graham Walker, professor of political history at Queen's University in Belfast. "Ted Kennedy's role in that era was keeping the wilder voices of Irish America in check. There were a lot of headlines in the 1970s about his calls for 'troops out,' but I think as time went on he was a moderating influence, pushing [Irish] Republicans along a political path." (See pictures of the British army withdrawing from Northern Ireland...