Word: metrical
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Dates: during 2000-2009
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...Europe or the U.S. by boat. (The price supposedly paid for a gallon of fat would fetch about six times what the equivalent amount in cocaine would on the local market.) Peru is the world's second largest cocaine producer after Colombia, with a capacity to produce around 300 metric tons of cocaine annually from its coca crops...
...began to grow again in the 1970s, reaching unprecedented levels earlier this decade. The measure Philippon uses is the economic value added of the financial sector as a percentage of GDP, which was at about 4% in the 1960s and hit almost 8% in 2006. An easier-to-understand metric - financial-sector profits as a share of overall corporate profits - followed an even more dramatic trajectory, from 12% in the mid-1960s to almost...
...dollar finally used up the last of its nine lives? There are worrying signs that the world is losing its appetite for dollars. The International Monetary Fund announced on Nov. 2 it was selling 200 metric tons of gold to India's central bank for $6.7 billion. News of the purchase sent gold prices to an all-time high. The move was widely seen as part of an effort by central banks around the world to diversify their extensive U.S. dollar holdings. Steven Englander, chief U.S. currency strategist at Barclays Capital in New York City, figures that in the second...
...After all, the figure at which he was taking aim - gross domestic product - was never intended to gauge anything other than how much money was changing hands. Yet we routinely use economic growth as shorthand for how well a country is doing. If we're going to use a metric to track our progress, shouldn't we choose something that measures the things we care about? (See pictures of President Sarkozy...
...with a "Don't ask, don't tell" policy, why has Afghanistan's situation steadily deteriorated? The Taliban, dismissed by Vice President Dick Cheney in 2002 as "out of business, permanently," is back in force. Part of that strength comes from a drug trade that has skyrocketed from 185 metric tons of heroin produced in 2001 to more than 6,000 metric tons this year, according to the U.N. Office on Drugs and Crime. But a larger reason for the Taliban expansion is a widespread and growing frustration with a corrupt, inefficient government. Justice is a fundamental human desire...