Word: relics
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Dates: during 2000-2009
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...some ways, Cockrel is a relic of Detroit's past. She is the only white member of the city council and, when her term ends in late December, she could well be its last. Even though she is personally popular, she is leaving the council partly because she is tired of the scandals that have rocked the city lately. Her departure is a significant moment in the history of Detroit, the largest majority-black city in America. In the 1950s, when Detroit's population reached its 2 million peak, nearly 1.6 million white people lived here. In 1990, though whites...
Gold, that barbarous relic, is having a thoroughly modern moment in the spotlight. Its price in dollars ($1,170 per ounce when last I checked) is setting a new record every few days. Cash4Gold and its competitors have been flooding the airwaves with ads exhorting you to fork over your gold jewelry for dollars. And for the first time since 1971, when U.S. President Richard Nixon unilaterally yanked the world off the gold standard, gold is also attracting interest from a crowd that usually doesn't pay it much heed: the world's central bankers...
...attraction as a pillar of the global monetary system is that it isn't beholden to national politics. The downside is that its supply increases fitfully, with no regard for the state of the world economy. That's why John Maynard Keynes called the gold standard a "barbarous relic," and why you won't find anyone outside the goldbug fringe calling for a full return to the gold standard now. But a partial return, in which central banks hold gold as a hedge against financial turmoil (the Reserve Bank of India just bought $6.7 billion of the stuff from...
...Because of his reputation, local bosses still turned to him as an arbiter in their disputes. And according to police, he sided with the older and more established Usoyan in the turf war with Oniani. "In the eyes of these young and ambitious guys [like Oniani], Ivankov is a relic," Fedoseyev tells TIME. "He was away for many years, and here he goes getting involved in their business." (Read "The New Gangsterism...
While the Internet has already made it difficult for subscription services like newspapers to compete, writers argue a similar transformation will occur with the university. Now that Harvard and other top universities are putting their content online, the argument goes, the physical university will become a relic. A high-quality classroom experience is open to anyone with a computer...