Word: recentering
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Dates: during 2000-2009
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...Iraq and Afghanistan. But the lack of a large-scale armed conflict makes these past 10 years stand out that much more. This decade was as awful as any peacetime decade in the nation's entire history. Between the West's ongoing struggle against radical Islam and our recent near-death economic experience - trends that have largely skirted much of the developing world - it's no wonder we feel as if we've been through a 10-year gauntlet. Americans may have the darkest view of recent history, since it's in the U.S. that the effects of those trends...
...endured not one but two market crashes - one at each end of the decade. You might recall the first Wall Street crash, when swooning tech stocks tanked the market from 2000 to 2001, not long after the Nasdaq hit an all-time high of 5049 on March 10, 2000. (Recent levels: 2150-2200.) The economy went into a recession that now seems laughably mild. What followed wasn't funny at all: the most divisive and confusing presidential election in history, a discombobulated drama that we once thought could occur only in the Third World...
...average working stiff, it was a pretty lousy 10 years. The median household income in 2000 was $52,500. Last year (the most recent year available) it was $50,303. And given that the unemployment rate has climbed to 10.2%, income will almost certainly drop again this year. Low-income Americans fared even worse. In 2000, 11.3% of Americans were living below the poverty line. By 2008, that number had risen to 13.2%. Meanwhile, the percentage of Americans without health insurance increased from...
...news hasn't been confined to the financial pages. Was there actually more bad news than usual? The answer is an objective yes. For example, there were more mass shootings and school shootings, such as the murder of 32 students at Virginia Tech in 2007 and the recent slaughter at Fort Hood, than in any other decade. There were more large-scale terrorist bombings and attacks in countries like England, Spain, Pakistan, Indonesia, Russia, Jordan, the Philippines, Turkey, India and of course the U.S. The absolute number killed was not great, but the idea that terrorists can attack anytime...
...Despite their concerns about recent developments in the relationship, many in India are confident in their country's long-term ties with the U.S. More than 3 million people of Indian origin now live in the U.S., while Indians comprise the biggest pool of foreign students in American universities, and wealthy Indian professionals are creating an increasingly effective India lobby in Washington. "India may not be the top priority now," says Raman, "but there's no reason why it won't be in the future...