Word: stock-market
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...STOCK-MARKET CRASH In the months after Black Monday, gold reaches its highest price in five years...
...simply read a line graph at the reservoir's visitor center, which tracks the water elevation of Lake Mead since it was created by the construction of the Hoover Dam in 1935. After years of relative stability, starting in 2000 the graph resembles the record of a stock-market crash. The visitor center's chart stops at 2006, but as a park ranger tells me, "It just keeps going down from there...
Many of the forces that initially sent the economy into a tailspin in 1929 and 1930 have been at work in the 2000s as well: a stock-market boom turned bust, a real estate boom turned bust, unprecedented levels of consumer debt. The reason they haven't metastasized 1930s-style is that this time around, the Federal Reserve has acted forcefully, whereas in 1930 it was a spectator at the national train wreck...
...reason is that separating cause and effect on Presidents and the economy is hard. Yes, over the past half-century, Democratic administrations have seen faster economic growth--and better stock-market performance--than Republican ones. But the sample size is so small that you really can't rule out luck...
...Nestle's management structure to pay less attention to national boundaries, and he has begun to get his way. Nestle's water business is now run as a global operation out of Paris, and its eye-care business was spun off as a separate company, Alcon, with its own stock-market listing. Nestle's most futuristic business, an attempt to develop nutritional supplements that enhance beauty, is being pursued as a joint venture with L'Oreal. But Nestle's national organizations still manufacture much of what they sell locally, controlling the chocolate, milk and most other products they sell...