Word: sprees
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Dates: during 2000-2009
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...Despite all the nervousness, the dollar is not necessarily destined to decline. Large budget deficits don't automatically lead to weaker currencies. In the early 1980s, the dollar strengthened even as the Reagan Administration embarked on a spending spree, because higher interest rates attracted foreign money, pushing the dollar up. The budget deficit "is not at the center of thinking about the dollar," says Richard Portes, an economist at the London Business School...
...grew to be a far bigger force than they ever were in the 1980s. From 2005 through mid-2007, PE firms - loaded with cash from pension funds, college endowments and sovereign wealth funds, and able to borrow trillions more from banks and bond investors - went on an unprecedented buying spree, snapping up the likes of Chrysler, Dunkin' Brands, Harrah's, Hertz, and Hospital Corp. of America in hopes of later selling them to the public or to another company or even to another PE fund. (See pictures of the remains of Detroit...
...deal,” senior co-captain Bailey Vertovez said. “We came out with pride in that second game and tried to silence their bats.” Despite the enthusiasm, the night game was scoreless through three innings. Senior Hayley Bock sparked the Harvard scoring spree, leading off the fourth inning with a double and coming home on a single by junior Melissa Schellberg, who is also a Crimson sports editor. The Crimson added another run to its lead in both the fifth and sixth innings before closing the door on the Bulldogs with a spectacular...
...present decade, which we've never even agreed what to call - the 2000s? the aughts? - has acquired its permanent character as a historical pivot defined by the nightmares of 9/11 and the Panic of 2008-09. Those of us old enough to remember life before the 26-year-long spree began will probably spend the rest of our lives dealing with its consequences - in economics, foreign policy, culture, politics, the warp and woof of our daily lives. During the '80s and '90s, we were Wile E. Coyote racing heedlessly across the endless American landscape at maximum speed and then spent...
...reasonable question, and now it becomes even more pointed: Why should Chinese state-owned companies be permitted to go on a buying spree abroad, when a foreign company - indeed, perhaps the world's most famous foreign company - can't even buy a fruit-juice maker in China, one owned and run not by the government but by an old-fashioned entrepreneur who wanted to do the deal? Beijing's explanation aside, there's really no good answer to that question. In a world now beset with more than enough economic problems, including diminished international flows of both goods and money...