Word: modernism
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Dates: during 2000-2009
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...million endowment--down 23% from its high about a year ago--is too small to bankroll financial aid for all who need it. Founded in 1903 as a women's college, Skidmore was long known for teaching art to well-heeled young ladies, but in its modern permutation as a coeducational college, it is a relative newcomer to national prominence and the donations that come with it. And while it's ranked among the top 50 liberal-arts colleges by U.S. News & World Report, administrators worry even that may not be enough to persuade students it's worth the higher...
...rodent history Rats, says is entirely wrong. The man who penned Walden and Civil Disobedience was eminently sociable, quite funny and more interested in social critique than in actually persuading people to shun society and live in a shack in the woods. Walden was "written to inspire modern citizens to break out from the lockstep of culture and in so doing make a new connection to their community"--Thoreau as uniter, not divider. And despite Sullivan's insistence that he has not written a biography of the man, there's nothing that his book resembles more than a minilife, full...
...early 1980s, around the time Ronald Reagan became President and Wall Street's great modern bull market began, we started gambling (and winning!) and thinking magically. From 1980 to 2007, the median price of a new American home quadrupled. The Dow Jones industrial average climbed from 803 in the summer of 1982 to 14,165 in the fall of 2007. From the beginning of the '80s through 2007, the share of disposable income that each household spent servicing its mortgage and consumer debt increased 35%. Back in 1982, the average household saved 11% of its disposable income. By 2007 that...
...interest rate cuts in recent months "are starting to work in a way they aren't in other economies," says Dale Thomas, head of currency management at London's Insight Investment Management. That makes it unlikely Norway's central bank will need to revert to quantitative easing, the modern-day equivalent of printing money that's currently in fashion from the U.S. to the U.K. (See pictures of the printing of money...
...debut of the world's least expensive car comes at a time when the entire auto industry is in crisis. Demand for vehicles has plunged with the global recession, hobbling two of Detroit's giants, GM and Chrysler. Even Toyota, the model of a modern car company, is facing its first operating loss in decades. Tata Motors, India's largest automaker, is not immune. Sales of its commercial vehicles and cars have slumped, and debt from the company's purchase last year of luxury brands Jaguar and Land Rover is weighing on Tata Motors' balance sheet. Tata argues that...