Word: fed
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Dates: during 2000-2009
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...Taking the long view, the global economy is at a remarkable moment. Whatever the chance of a recession this year, the U.S. has experienced what the economist and former Under Secretary of the Treasury for International Affairs John B. Taylor of Stanford University calls a "long boom" since the Fed started to squeeze inflation out of the system in 1979. For nearly 30 years, Taylor points out, the few downturns the U.S. has suffered have, in historical terms, been both short and shallow. Even more extraordinary is the tale outside the U.S. According to the World Bank's recent Global...
...very shallowness of the last recession is part of what's causing worry now. In 2001 most businesses cut back sharply on spending. Thanks to the superlow interest rates set by the Fed, though, households plowed on, and for the first time ever, consumer spending kept rising during a recession. It continued rising afterward, much faster than incomes, with Americans paying for the difference by taking on more and more debt. That debt spiral is now unraveling, and the ensuing credit crunch could crimp spending for years...
Beijing should also be happy with the mood of Taiwan's electorate. "People want the government [in Taipei] to revive the economy and bring order back to politics," says Political Science Professor Chao Chien-min of National Chengchi University in Taiwan. "The majority is fed up with Chen's political engineering of controversies, ethnic tensions and referendums...
...this freedom should extend to one’s academic choices, as well. College represents a chance to pursue the studies that appeal to you, instead of the AP courses you were spoon-fed in high school. Freshmen can’t help but be disappointed that they still have to fulfill requirements in the very subjects they were trying to avoid. Whether it be math, the sciences, or those shapeless humanities, these distasteful courses await...
...Many people got fed up with Blocher's aggressive and combative manner," says Georg Lutz, a political scientist at Bern University. "When you are part of a coalition government you should try to find common ground with the others. But he just pursued his own agenda and polarized the whole country...