Word: good
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Dates: during 2000-2009
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Over the past decade, though, reality took a detour from Philippon's theory. Corporate America's need for outside financing fell, but the financial sector refused to shrink; it pumped out ever riskier products until the system nearly collapsed. Why the refusal? Maybe the pay was too good. Philippon and the University of Virginia's Ariell Reshef have found that, starting in the mid-1980s, financial-sector paychecks began to outstrip those for jobs in other sectors demanding similar skills and education levels. Since the late 1990s, Philippon and Reshef estimate, 30% to 50% of financial-sector pay has amounted...
...1960s were by most measures the best decade ever for growth and widening prosperity in the U.S.; the past decade has been a bust. Yet the financial sector was relatively tiny in the 1960s and huge in the 2000s. Could this mean that good times for finance are bad for the rest of us? Philippon says it isn't that simple. The 1990s, for example, were good for both Wall Street and Main Street. His theory, which fits the historical evidence well, is that the financial sector's share of the economy should increase when there are fast-growing companies...
...Obama Administration argues that Russia and the U.S. have a common interest in stopping Tehran from building the Bomb. This is true, but only up to a point. Russia has a history of good relations with Iran. It has substantial trade interests there and appreciates Tehran's lack of support for radical Islamists in the North Caucasus. Moscow also fears that a pro-Western Iran would exclude Russian arms, technology and energy firms...
...very good instincts, so she can play anywhere,” Stone said of the new forward. “She did a great job and it was awesome to see her get that goal...
...Crimson continued the powerful offensive play and kept the puck on St. Lawrence’s side of the ice for over three minutes following the goal. In the final minute of the period the Saints got a good look at the goal, but the shot bounced of Harvard’s side post to preserve the 1-0 score...