Word: vu
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Talk about déjà vu. On July 29, the Shanghai Composite Index fell 5%, setting off panic selling in Hong Kong and dinging even the Dow. But Chinese stocks rebounded 2.7% the next trading day, the steepest rise in two months. Fast forward to Aug. 31. The Shanghai index dropped 6.7% that day, causing panic around Asia and even in distant markets like...
...return to the Weimar Republic, although those who happened to catch the political postmortems on German television on Super Sunday - the day of state elections in Saxony, Thuringia and Saar - may have found themselves experiencing a sense of déjà vu. Even the public TV journalist seemed at a loss as he sheepishly attempted to find common ground between the motley collection of candidates during his election wrap-up. On the far right of the podium was a neo-Nazi, joined by a Communist and Social Democrat in the middle, then a probusiness liberal, an environmentalist Green...
...many in Greece, the inferno is a case of devastating déjà vu. Almost exactly two years ago, more than 70 Greeks died in a wave of deadly blazes that seemed to sprout almost simultaneously around the country. The government pledged then to improve the country's overstretched fire services. But as they watch live coverage of panicked residents fleeing their homes once again, many Greeks are asking what, if any, lessons were learned from the tragedy in 2007. (Read TIME's 2007 article "Athens Is Burning...
...with the present. We've just finished living through a long Gilded Age, in which rich Americans got richer, and more and more people began consuming conspicuously. The original Gilded Age began a century earlier, in the 1870s, during a laissez-faire boom that lasted - déjà vu! - from the end of one Wall Street and banking meltdown (the Panic of 1873) to the beginning of another (the Panic...
...likes of Brazil, China, India, Mexico and South Africa. Recession? Emerging economies? It's almost as if the annual summit has come full circle from its beginnings back in 1975. For the members of the world's most exclusive club, it must seem like déjà vu...