Word: marketization
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Dates: during 1990-1999
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...irony is that the Class of 1999 really doesn't have anything to worry about. According to a study released this past Sunday, students graduating this coming June will face a stellar job market in nearly every industry. But this information doesn't assuage the fears of seniors, many of whom, without any prior interest in the fields advertised, will drop off a resume on Thursday as a back-up plan that may end up becoming their only plan...
...economy can take the pain, but not forever. The Commerce Department Wednesday announced an 8.1 percent surge in the nation's third-quarter trade deficit, to a record $61.3 billion -- a direct result of the Asian crisis that has left imports even cheaper while drying up the market for U.S. exports. "The booming trade deficit hurts the U.S. economy, but we have no alternative," says TIME senior business writer Bernard Baumohl. "The only way we can help Asia, and the world economy, rebound is to keep on importing their goods...
...September, citing stock market turmoil, Harvard officials maintained the decrease in the endowment value was not a long-term problem, but nevertheless they were still closely monitoring the situation...
while the market was in a period of decline...
1970s The price is paid for excessive government spending in the '60s. Inflation hits double-digit figures. Interest rates take off, sending Wall Street into an ugly bear market...