Word: socialism
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Dates: during 1990-1999
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...like snowflakes--lovely and fleeting, hard to hold onto. I win my second bout, my third, and suddenly it's the final, and I'm still in. My opponent is D.J. Renegade, a wonderful poet from D.C. Best 9 out of 17 will win the title. He offers social consciousness. I counter with childhood innocence. I serve inner wisdom, and he parries with the same. We are tied at 7:7. Then he pulls ahead by two and wins with this: "Old man on steam grate./ Frozen rain coats city street./ Footsteps whisper past...
...contagion" of the Russian ruble collapse--itself tied to the panic that has followed Asia's currency depreciations--has sent off economists and investors for some soul searching about emerging markets. These young tigers do not yet have the kind of social and business structures they need to build stable, prosperous capitalism. The ultimate effect on the U.S. remains to be seen. Ironically, the hit from Russia may free the Federal Reserve to lower U.S. rates, kicking off another round of strong domestic growth...
...positive. Developing nations, where about 90 percent of this growth will take place, get a "demographic bonus" -- that is, there will be more working people than retirees and children combined. As long as the global economy can give them jobs, the neo-boomers mean a windfall in taxes and social security for their home countries. And the ever-older U.S. can only look on in envy...
...surprising for him to think he can survive again. But the situation is different now. In 1995 his temporizing protected his dearest goals. The President had a remarkable opportunity, which he used remarkably, to bring the social concerns of a whole new generation into the White House. On issue after issue, he has done just that--women's rights, gay rights, minority rights. With his emollient personal skills, he was able to speak to and for the baby boomers, overcoming the resistance and resentment felt for the whole world of the '60s. Was he too much the child...
...savings of some Russians and increase the cost of living for many, especially those who live in the cities, where more than half the food in the shops is imported. Those are cruel blows to a nation that is already suffering, and could trigger enough political backlash and social unrest to threaten Yeltsin and raise questions about who or what will follow...