Word: historicizing
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The economists agreed that this week has been historic for Wall Street. The Dow Jones Industrial Average, a common market metric comprising 30 widely-held companies, has tumbled 7.1 percent in just three days.
Because of the city's previous incarnation as a center of global capitalism, the Shanghainese today ranks as China's most ardent conspicuous consumers, equally voracious when buying local or global. Nevertheless, given the somber economic mood worldwide, Shanghai has tried to reign in the excess a bit. October's...
Harvard’s money managers announced that the endowment grew 8.6 percent in the year ending June 2008, outpacing both internal and industry benchmarks in a year of historic market turmoil. The returns bring the largest endowment in higher education to $36.9 billion from $34.9 billion last year. The...
Those internal problems are daunting by all accounts. Since Morales' historic win in 2005 to become Bolivia's first indigenous President, political conflict has been rising between country's indigenous majority and an entrenched European-descended elite.
French President Nicolas Sarkozy has poked at this spiritual status quo, using a visit to Rome's Basilica of St. John Lateran to call for a "positive" conception of laïcité, which would also encourage public expressions of faith. Some critics, however, say that the twice-divorced Sarkozy...