Word: globalization
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Dates: during 2000-2009
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...think things have changed in the recent collapse? I think it remains to be seen, but I don't think the culture of Wall Street has substantially shifted. Even in the midst of this major global financial crisis, Wall Street has still continued to resist change. And I'd argue part of the reason they've been able to, even though investment banking as we knew it no longer exists, is that their ethos still does. Their daily cultural practices still do. Just look at how fiercely investment banks have resisted changing their bonus structure. But I think...
...confirmed deaths, more than any other country - estimated to have logged more than 1 million cases. Although the good news is that most H1N1/09 illnesses have been extremely mild, the rapidity of its spread - and the fact that young people seem to be especially vulnerable - still worries global health officials. "We don't know if it will actually ever completely go away," says David Butler Jones, the public health chief of Canada, which has been unusually hard-hit. "We're still seeing new cases, so nobody should let down their guard." (See pictures of soccer in the time of swine...
When the World Health Organization announced on July 16 that it would stop issuing global counts of confirmed cases of the H1N1/09 virus (the new WHO-approved name differentiates the virus from older versions of H1N1), it wasn't because the disease had burned out. Far from...
...ingredient in vaccine, reaped from each batch is only about 25% to 50% of the norm for seasonal flu vaccine. That means it will take longer to manufacture H1N1/09 vaccine - and since very few people have immunity to this flu strain, people may need two shots, which means annual global capacity would drop to a little more than 400 million doses...
Bernie Madoff's crimes spawned a global financial meltdown, a wave of populist outrage, books, movies, souvenirs and, now - perhaps - an overhaul of New York's prison system. On July 20, Republican Assemblyman James Tedisco introduced a so-called "Madoff bill" in New York's legislature that, if passed, would require wealthy inmates to be billed for the cost of their prison stays - estimated at $90 per inmate per day. TIME spoke with Tedisco about the legislation's nickname, the "party palace" in a Manhattan jail that helped spark the proposed law and why lawmakers might want to let prisoners...