Word: secularity
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Dates: during 2000-2009
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...What is likely to flourish? I am still very leery of the financials or anything remotely connected to U.S. consumer discretionary activity. I think that we are in a new paradigm of frugality that is widespread geographically and across income strata. It's not a cyclical theme but a secular theme. I want to be situated in areas of the market that don't have a lot of cyclicality in terms of consumer spending - or capital spending, for that matter. I favor staples stocks (food, beverage companies, etc.) over consumer discretionary stocks (retailers, travel, etc.). Also, look to the traditional...
...cyclical stocks, it's time for caution. I think homebuilding activity in the U.S. is in secular decline; I think U.S. consumer spending is in secular decline due to a shortage of income. The only part of personal income in the United States that's growing is government benefits, whether it's food stamps, welfare or unemployment insurance. But organic income is going down at a record rate, especially wages and salaries. (See how Americans are cutting back...
Michael Grunwald's analysis of the sorry state of the Republican Party is the best of many I have read. But he assigns insufficient blame to the figurehead of the party for eight years, Bush, whose faith-based leadership alienated many who believe in secular government. His obstinacy in the face of evolving public opinion in favor of stem-cell research, equality for same-sex couples and women's reproductive rights underscored his failure to feel the pulse of modern America. Most of all, his my-way-or-the-highway foreign policy made the U.S. a global pariah. Bill Gottdenker...
...Charleston, S.C., as well as somewhat obscure locales, like Highway 95, near Moscow, Idaho. That location was particularly appealing, says Roy Speckhardt, the group's executive director, partly because of its proximity to two major universities in Idaho and Washington State. "There's a great mix of progressive, secular and religious people there," he says. Similar ads are being planned for about 20 cities, including Minneapolis, New York and Los Angeles. There is a push to get another spokesman to champion the cause. "I see this movement as a civil rights movement of sorts, not dissimilar to the movement...
...fiercely secular nation, France has always had an awkward relationship with religious groups. Officials often find themselves struggling to strike the delicate balance between maintaining church-state separation and honoring the right of citizens to express their faith. But in the current case against the U.S.-based Church of Scientology, authorities have abandoned their usual attempts at fine-tuning religion's standing in French society - instead, they want to ban Scientology from France altogether...