Word: socialism
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Dates: during 2000-2009
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...designing an airplane you create redundancies to try to mitigate bad outcomes, but as we saw earlier this year with Air France 447, when certain cascading events line up, they can lead to a disaster that you just can't anticipate. In the realm of the social, we create institutions like global, interconnected markets. By and large when investors are operating with some degree of diversity, when they're thinking about things differently - time horizons, trading strategies - the markets are basically efficient. But what we know is that people episodically coordinate their behavior. They all become optimistic or pessimistic...
...many administrations that have not seen a single day of peace,” Uribe said. “Today, when my colleagues and I have a chance to talk with our fellow citizens, they request more police and more education, more army, more security, more investment, and more social opportunities...
...year term as the senior partner in a ruling coalition. And thanks to big gains by the center-right Free Democrats (FDP), who espouse economic liberalism and have a tradition of close ties to Washington, Merkel and her colleagues should be able to shed their existing coalition partner, the Social Democrats (SPD), for what is a more natural political ally. Yet the Christian Democrats did so with a lower percentage of votes than at the last election in 2005, despite Merkel's personal popularity, which transcends party allegiances...
There is certainly work waiting. One of Merkel's greatest achievements in her first term was to hold together a grand coalition with her rivals and natural ideological opponents, the SPD. She did so through compromise and caution. As the world weathered economic storms and rapid social change, the German government responded slowly and carefully. (See pictures of world leaders including Merkel on vacation...
Westerwelle, like Merkel, looked for a sober tone as he addressed supporters. "We are ready to accept the responsibility," he said. Frank-Walter Steinmeier, the defeated SPD leader, sounded abject: "The voters have spoken. It's a bitter day for Germany's Social Democrats. It's a bitter result...