Word: wakefulness
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Dates: during 2000-2009
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...deterioration of the global economy in the wake of the ongoing U.S. housing bust and subsequent credit crunch is accelerating at a frightening pace. In the U.S., nothing captures the concussive force of the downturn better than the Consumer Price Index released Wednesday, which showed prices falling 1% in October after being flat in September. Suddenly, the prospect of outright deflation in the U.S. - and all the risks that entails - is a clear and present danger. "With the unemployment lines growing ever longer, there is a genuine risk that the U.S. economy could fall into a corrosive deflationary phase," says...
Europe's Challenges In the wake of the Georgian weekend war this summer, and amid the usual bellicose speechifying by Russian leaders, finding common ground between Russia and Europe will not be easy. But it is important to make a start, because the risk of alienating Moscow is a real and dangerous one. And as Joe Joffe argues in the accompanying essay, when talking to Russia, Europe is stronger than its behavior would often suggest...
Russia has a European strategy, but Europe does not have one for Russia - unless you want to call "Let's not rile the Bear" a strategy. Nor is "Let's annoy him a little bit" the epitome of statecraft. The latest example is Georgia. In the wake of the Russian invasion this summer, the European Union froze talks about a new economic partnership. But on Nov. 14, that killer sanction was lifted after just 10 weeks when the E.U. and Russia embraced at a summit in Nice...
...wake of disaster, the need to move on is natural. But in the mountains of Sichuan, the impulse to look forward is also a political decision. Too open an examination of the collapsed schools would expose deep flaws in regional governance and could unleash a flood of popular discontent. Yet even among those who are pushing ahead, the memories of the horror are unshakable. Here are four survivors' stories...
Republicans are feuding in the wake of the November election. But they are not descending into civil war. That would be too tidy. What is unfolding instead is an overlapping series of Republican civil wars, each with its own theme...