Word: failed
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Dates: during 1990-1999
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...world's highest per-capita incomes. Moreover, this is an economy that since the 1980s has been heralded as a global model of success. This is the very system that allowed Japan to climb to greatness out of the ruins of World War II. It was supposed to be fail-safe. And now it has to be scrapped? Not easy...
Alas, that is not so different from the conundrum facing the government's newly announced bank-rescue agency. The announcement prompted a rare surge in the stock market last week because it indicated a willingness to let insolvent banks fail. The problem is that bureaucrats are already arguing over which banks should be allowed to go and which should be propped up. That sort of dispute speaks volumes about why the country seems to be dithering while the world screams for action. As last week's measures demonstrate, outside pressure still gets results when Japan senses it needs...
...wasn't the first to fail to find the real life analogue of Sherman McCoy. Hollywood, after all, settled on Tom Hanks, America's icon of decency, to play the pathetic McCoy...
...remiss if I were to fail to mention one last symbol of power that I encounter daily on Park Avenue. Each day, as I wade through piles of second class mail, I am beset with magazines from Harvard, Yale and Princeton. The best and brightest of the past few generations are living well and are inundated with mail from their alma maters. Sadly, too many of the Harvard alumni show some sort of interest in me only when they learn that I go to their alma mater. Only then do I cease to be an automaton, only then do they...
...complicated. Dr. JoAnn Manson, an endocrinologist at Harvard Medical School, cites growing evidence that refined carbohydrates could indeed pose a problem for some people who are prone to diabetes. But, according to her 1997 study of 65,000 nurses, the greatest danger occurs only if those at risk also fail to consume enough whole grains like whole-wheat bread and rolled oats. Reason: cereal fiber has a counterbalancing effect that keeps insulin levels from rising...