Word: troughed
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Dates: during 2000-2009
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...might not just be simple anti-Americanism at work in parts of Western Europe. "Any program has its peaks and troughs," says Heidi Macpherson, chair of the British Association for American Studies. The current trough in Britain, she argues, can be partially explained by confusion over what the degree entails, and the introduction of fees that have pushed students toward more vocational majors. Still, since 2000, the popularity of other disciplines such as Middle Eastern and Chinese studies has more than doubled in British universities, even as interest in the U.S. has faded. Says Tim Wright, president of the British...
...selling big airplanes to the U.S. military. But the prize market, of course, remains commercial aviation. On Wednesday, Toyota announced it may soon develop a new generation of fuel-efficient passenger airplanes. If Boeing's boosters get their way, the company can grow fat and lazy at the Pentagon trough, while innovations and breakthroughs come from companies like Airbus - and ultimately, perhaps, Toyota - fighting for every sale...
...country where politics has become a byword for corruption and tribal loyalty, Obama offers a different model, he explains. Instead of a leader who would use power to ensure his supporters get their turn at the trough, showering jobs, grants and contracts on family, he is seen by many as a President who would govern in the interests...
...Bank research analyst Lou Taylor concludes that in the bubbliest markets, renting is still the better short-term deal. Consider Sacramento, Calif., where rent runs about 40% of the monthly cost of buying, half of what it did a decade ago. Of course, not everyone can wait for the trough to become a homeowner. "If you just got married and your wife is pregnant with twins, you've not got much of a choice," says Taylor. "Just buy carefully and plan to stay for a number of years, because it may take that long for home prices to increase again...
...doing so is to limit the size and power of the government. As Radley Balko, a senior editor at Reason magazine, recently argued, “The government can’t sell power and influence it doesn’t have.” If the federal trough were smaller, fewer special interest snouts could gorge themselves at the taxpayers expense, and therefore the pigs wouldn’t bother to buy influence. Diminishing the opportunities for rent-seeking would, in turn, redirect spending to investment and consumption, both of which create more social good than financing another attack...