Word: next
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Dates: during 2000-2009
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...after hearing testimony from FAS IT officials, who could have verified whether any foul play had occurred. But under the given circumstances, in which the EC’s credibility had been destroyed and its membership largely disbanded, no such reconciliation was possible. Thankfully, UC leadership pushed for the next best option—having the full Council hear FAS IT testimony and certify the election results in last night’s meeting. This was the only way the organization could have preserved any legitimacy in the eyes of its constituency. As a re-vote was impossible with...
...Self-interest. The auto industry disintegrated while management and labor tangoed from one bad contract to the next, ignoring their customers and their competition, aided and abetted by their respective politicians...
Starting Over If we are now watching the sun set on a Decade from Hell, does it naturally follow that the next decade will be all good and glory? Of course not. And yet there are some hopeful signs. We have seen the destructiveness of deferral and neglect on infrastructure, national and global politics, financial markets and corporate governance, and I think it's safe to say that the awareness of that danger is much higher now. Maybe that's why, for the first time, a national health care bill actually has a chance to become law. (Read "Understanding...
There's also a natural cycle to history. Unless you believe that this country is in the throes of a deep and permanent decline, there's no question that we will rebound. "Usually when you've had a really bad decade like this one, the next decade turns out to be much better for investors," says Richard Sylla, a professor of economics at the NYU Stern School of Business. "Probably 10 years from now, people who are investing today are going to have fairly nice returns." Over time, stocks have averaged a total return of about 9%. Remember, stocks were...
...positive developments will again drive the market higher: perhaps a sustained easing of tensions between the West and radical Islam, breakthroughs in green technology (think energy sources) or something completely unimagined. If we were too positive heading into the 2000s, we are almost certainly too negative heading into the next decade. But that's not such a bad thing. It means we will be collectively reluctant to lard on massive debts. It means we will be wary when some mortgage man tries to sell us an exotic loan predicated on our house's doubling in value. It means we will...