Word: marketeers
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Dates: during 2000-2009
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Brooker rubs a big blackened thumb over the clod of dirt in his hand, and a coin appears - minted, it turns out, sometime from 1625 to 1649. "That's a Charles I rose farthing," he explains, pointing to the vague outline of a royal crest. On the open market, it's not worth much - maybe $60 - but "to a mudlark, your first Charles I should be priceless." He tosses it into the bucket with the rest of our haul for the morning, which includes several Tudor hairpins, Victorian clay pipes and a 17th century ferry token...
Despite the pain of recent economic turmoil, German voters resoundingly reiterated their faith in the free market during the country's Sept. 27 national elections. A victory by Chancellor Angela Merkel's conservative Christian Democratic Union puts the party on track to form a new center-right coalition with the smaller Free Democratic Party, whose leader, Guido Westerwelle, is likely to be tapped as Vice Chancellor. Merkel's previous coalition partner, the left-leaning Social Democratic Party, suffered its worst election loss since World War II. Merkel and Westerwelle are expected to cut taxes, promote business and strengthen Germany...
...known novels, The Fountainhead and Atlas Shrugged, soaring. Yet her me-first brand of capitalism has been excoriated for fomenting the recent financial crisis. And her most famous former acolyte--onetime Fed chairman Alan Greenspan--has been blamed for inflating the housing bubble by refusing to intervene in the market...
...midst of the newly rekindled debate, two excellent biographies have just been published: Ayn Rand and the World She Made, by Anne C. Heller (Doubleday; 592 pages), is a comprehensive study, in novelistic detail, of Rand's personal life, and Goddess of the Market: Ayn Rand and the American Right, by Jennifer Burns (Oxford; 369 pages), leans more heavily on Rand's theories and politics...
...their real estate holdings has fallen by $4 trillion since 2006, according to the Federal Reserve. Millions of people have been booted from their dwellings over the past couple of years because they couldn't make their mortgage payments. Millions more foreclosures are on the way. The housing market, despite some hopeful signs over the summer, remains a terrible mess. (See high-end homes that won't sell...