Word: streets
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Dates: during 2010-2019
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Early on, the majority of people seemed to heap the most blame on barely regulated financial products, like credit-default swaps, which brought down AIG; mortgage brokers and their lax lending standards; and Wall Street bonus checks that rewarded short-term profits over prudent business decisions. Goldman Sachs, too, has come under intense scrutiny since the financial crisis, in part because of its ability to quickly turn around and seemingly profit from the mess...
...crisis, a number of academics have pretty much refuted nearly every one of those early explanations as being too specific. Some economists have even questioned whether there was a credit crunch. Economic professor René Stulz of Ohio State University, for one, has written papers trying to clear Wall Street pay and credit-default swaps of any blame. Despite recent apologies, Goldman Sachs executives, too, say that they are no more to blame than anyone else in the financial markets. (See high-end homes that won't sell...
Finally, those who believe that language shapes reality eagerly await the annual Lake Superior State University Banished Words List, due out New Year's Day - words and phrases that have earned retirement because of overuse. The 2009 list included Wall Street/Main Street, iconic and game changer, but who could have foreseen that the iconic Tiger Woods scandal would become a game changer that reverberated from Wall Street to Main Street? Whatever is in store for 2010, it's a comforting thought that we'll at least know how not to describe...
...instance, unlike elected, Wall Street--tied conservatives, media conservatives could full-throatedly embrace, and be embraced by, the conservative-libertarian tea-party phenomenon, which Fox News has practically owned. This should worry the officeholding GOP: a December Rasmussen poll found that if the Tea Party were an actual party, it would win more votes for Congress than Republicans would. Fox News and the tea parties may now be hotter political brands than...
...worked - up to a point. As the treatment went on, I began to catch my first glimpses of what it might be like to live without wanting to cross the street every time I saw a stranger holding an ice cream cone. But they were just that: glimpses. The spell always faded, and I didn't know how to make it last...