Word: notionalism
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Dates: during 2000-2009
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...Bailout Fallout This notion of a government bailout is not a question of liberal vs. conservative but one of right or wrong [Oct. 6]. This one is wrong. The burden will fall on the people who need this money much more than greedy executives do. The executives should go down, just as any of us would have to. I realize the economic implications, but this country was built on sacrifice, and we may have to sacrifice again. Nicholas Gamba, Sayreville, New Jersey...
Boris Johnson, London's charismatic, mop-haired mayor, takes issue with the notion of overdependence, saying that the city's economy has "a very, very wide base." But he tells TIME: "The strength of the financial sector is obviously pretty important in acting as a flywheel to spin those other wheels. And I'm going to be fighting very hard to make sure that we don't in any way gum up that machine...
...meltdown, Weiss, who is also professor emeritus of economics at Boston University, was a prescient doomsayer. In 2005, when everyone else was bullish, he wrote to his shareholders that global markets looked "very treacherous" and warned about rampant borrowing "to speculate in real estate." In 2006, he derided the notion that "business cycles have been banished" and spoke of the danger of "extreme events in which the entire financial system experiences distress." He added: "The absence of fear continues to astonish me. I fear the absence of fear...
...nothing about this evidence that should make us uncomfortable. The idea that there would be a correlation between class and intelligence is completely consistent with the dream of American opportunity because it reinforces this sense that our idealized, meritocratic society is working. There is nothing shocking about the notion that people who are capable would rise to high-paying jobs. Nor is it surprising that smart, capable people would have smart, capable offspring—far more often than not, people with overlapping genes have overlapping IQ scores...
...endure the shame of living without a father figure. And for women without a movie star's bankroll, there's limited public financial support available, forcing some women to place their children in orphanages for long stretches or even put them up for adoption. "There's still a negative notion about single moms," says Lee Mijeong, a fellow at the Korean Women's Development Institute. "They have a hard time...