Word: haven
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Dates: during 2000-2009
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Even if you haven't thought about it yet, U.S. toymakers are so worried about losing the confidence of wary parents this holiday season that the industry has asked the Federal Government to require mandatory safety testing at the toy companies' expense. It's a remarkable admission of just how thoroughly this year's massive recalls of goods from China have shaken up Toyland...
...have put the entire industry on high alert. "This year's recalls were not a happy thing for us," says Carter Keithley, president of the Toy Industry Association (TIA), a trade group whose 500 members make about 85% of all the toys sold in the U.S. Even companies that haven't been hit with recalls are scouring their production lines for problems, and testing labs say they have been deluged with work. "We're looking at everything right now," says Wayne Charness, a senior vice president at Hasbro...
...have been adept at political repression, their record on economic management is abysmal. In 1987 a former regime leader demonetized Burma's currency, wiping out the savings of millions, and introduced new bank notes that were divisible by the number 9 simply because he considered the digit auspicious. Things haven't gotten much better since then--even though Burma is blessed with lucrative natural resources like natural gas and timber. Obsessed with its own survival, the junta spends 40% of the nation's annual budget on the 450,000-strong army while 90% of the population lives near or below...
Recognizing that television was going to be an electronic babysitter whether anyone liked it or not, Jim Henson and his Muppets provided a friendly haven that spoofed the media world kids were immersed in when the show wasn't on. From Kermit's news reports and Guy Smiley's game shows to "Elmo's World," Sesame Street has been filled with shows within shows, which take the commercial-TV world's come-ons and apply them to educational building blocks. Along the way, kids have learned about friendship, cooperation and even (through Mr. Hooper) death. The show's format...
Contrary to Bogle's prediction, though, the rise of the credentialed pros and commensurate decline of often ill-informed part-timers haven't stabilized a thing. This year we've seen the professionally managed market for mortgage securities travel from giddy abandon to deep despair in a matter of months, dragging other markets down with it. That's just this year: think back to the rise and fall of the dotcoms, the emerging-markets meltdown of 1997 and 1998, the bond crash of 1994, the stock crash of 1987. As Bogle put it a few years back, "Keynes one, Bogle...