Word: scapegoats
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Dates: during 2000-2009
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...1920s to find ever more creative ways to sell securities and lend to the burgeoning middle class. Mitchell, who became president of the bank in 1921, built City into the first financial supermarket. When everything financial turned toxic in the early 1930s, he became the most prominent scapegoat for the disaster. He was the main target of the famous Pecora hearings in Congress, was arrested for--but not convicted of--tax evasion and resigned in disgrace. The Glass-Steagall Act of 1933 put an end to the blending of banking and securities businesses that Mitchell had championed. City lived...
...financial crisis. For years, German media and politicians railed against U.S. and British private-equity companies as a plague of destructive "locusts" who inflicted harm on German society. As Merckle's stock-market gamble failed, he seemed to become a homegrown locust for commentators and politicians looking for a scapegoat for the financial situation...
...attacks - rival parties are saying the government was poorly prepared and had not cracked down hard enough on previous terrorist activities. "Elections are coming," says Rana, "So there are internal pressures to blame someone, and to show that it is not the government's fault. Pakistan is the obvious scapegoat...
...some teachers argue tenure has become a scapegoat for a whole basket of educational and financial ills responsible for the dismal test scores and disappointing graduation rates in U.S. schools. Abolishing tenure doesn't address problems of underfunding, overcrowding or improving students' home environments. And despite more than a century of social progress, the need to protect teachers from the whims (or the tyranny) of the community remains as important as ever - especially in science classrooms where the battle over evolutionary biology and creationism rages...
...improve links to China have yet to materialize. The anticipated rush of big-spending mainland tourists, for example, has proven to be only a trickle, due to continued restrictions on travel to Taiwan imposed by Beijing. "I think the good cross-strait policies have been blamed as a scapegoat for the downturn in the economy," says Chao Chien-min, a political scientist at National Chengchi University. "If times were better, I think the general attitude towards China would not be so strong...