Word: joblessness
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Dates: during 2000-2009
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Private enterprise began as a kind of offshoot of the agricultural reforms. Mao's "people's communes," for all their faults, at least guaranteed everyone in the rural economy a job of sorts. Deng and his lieutenants feared that breaking up the communes would cause masses of jobless peasants to descend on the cities, where there might be no work for them either. So beginning in the late 1970s, individual farmers and village collectives were permitted to start sideline businesses and keep any profits...
...those iconic Hollywood stories of random sex that eventually flowers into an all-consuming, mutually caring love (which has never happened to me in college, but hey, this is the movies). On a flight from Los Angeles to New York, Oliver (Ashton Kutcher), a jobless college graduate with an unflattering bowl haircut, meets Emily (Amanda Peet) who is wearing combat boots. It seems to be a match made in heaven. Or at least an army surplus store. And, lo and behold, they end up having sex in the airport bathroom...
...that good news, however, is prompting only faint cheers from Europeans. Reason: it is a strange, jobless prosperity that so far has made no significant dent in Europe's record 19 million unemployed. It is also a lopsided recovery, still heavily dependent on exports, especially to the U.S., and therefore relying on a strong dollar and good American growth...
...lesser extent, France. Inflation is hovering around 4.5% annually in most European countries, a major improvement over the 10% or more rates of just three years ago. The news on unemployment, though, is much less encouraging. The TIME board foresaw over the next year a decrease in the jobless rate from the present 11% of the work force to only...
French unemployment, which affects 10% of the work force, is a greater problem than West Germany's, according to Chevalier, because the percentage of jobless youth is significantly higher. He forecasts that unemployment will increase to 11% next year. That is bad news for President François Mitterrand's government, which faces a national election...