Word: shifting
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Dates: during 2000-2009
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...unquestioned leader of the global economy, is now in the midst of a disorienting shift in economic policy, away from the let-it-rip form of capitalism that has guided it for almost 30 years and toward more overt government control and regulation of huge swaths of the economy. No one yet can safely say whether this is wise, but in the U.S. it is certainly the stuff of increasingly fierce debate. No such doubts are evident in China, where the government reacted to the crisis with alacrity and the economy is now responding in kind...
...China faces enormous challenges - a massive shift of population from rural areas to cities, cleaning up decades of environmental degradation, continuing to provide the increase in prosperity that has underpinned political stability. Given their scale, it should surprise nobody that it is still most concerned with saving itself economically - not anyone else. Beijing is most unnerved by the prospect of labor unrest of the sort that resulted in the death on July 24 of a steel-company executive in northeast China at the hands...
...whose discoveries changed the way we thought of, well, everything. Then came the carnage of World War I, the rise of fascism and communism, the mass murder of European Jews and the flight of those who could escape it, often to the U.S. All of this contributed to a shift of the center of scientific progress away from Europe. Some aspects of the great European disaster might have been foreseeable in 1909, but none with any certainty. There are too many futures for them all to be known...
...Shanghai Easing the One-Child Policy? Reports surfaced in international media that in an effort to respond to the rapid graying of the workforce, some couples in China's most populous city would be encouraged to have two kids. Shanghai officials denied any policy shift, but rumors persist that Beijing might be rethinking its controversial population-control policy...
...Congress and the Clinton Administration to rein in executive pay by not allowing corporations a tax deduction on executive salaries above $1 million turned out to be an object lesson in unintended consequences. Because it exempted performance-based pay, the new limit accelerated an already-in-the-works shift toward using stock options as the main piece of executive compensation. Far from being reined in, executive pay - with help from a bull market in stocks - skyrocketed. (See pictures of TIME's Wall Street covers...