Word: turmoil
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Dates: during 2000-2009
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...provides a pretty accurate count of those who really, really want jobs. But it also misses millions of people who may not be actively looking for a job but would happily take one if offered. Those ranks surely swell in a deep recession or during a time of economic turmoil that destroys entire job categories (like autoworker). The government's statisticians are aware of this, and since the 1970s the BLS has published broader measures of unemployment that include at least some of these people. In 1994 the broadest measure - which counts as unemployed those who have looked for work...
...last month is the latest sign that drug-related violence has intensified across Latin America, wreaking havoc from Mexico to Peru. And Honduras - a strategic transit point for U.S.-bound cocaine - has become ensnared in the vicious turf wars among Mexican trafficking cartels and those among Colombian producers. The turmoil in Honduras also reflects the impact of the U.S. drug war on the region's political divisions. Hours before his death, Gonzalez gave a news conference in which he accused the leftist Venezuelan government of turning a blind eye to Colombian guerrillas moving cocaine into Central America. (See pictures...
...resigned their posts and strikes by those opposing Telangana's secession have paralyzed much of the state. Trains have been blocked, businesses shut down. According to news reports on Saturday, two activists in favor of a "united Andhra" took their lives in protest of the state's splitting. The turmoil has also plunged Hyderabad, a booming, cosmopolitan I.T. hub, into panic as politicians and business leaders fret over the costs of the current instability. "This will be a total flop as investors will flee," says Amruthraj Padmanabhundi, a 27-year-old I.T. professional in Hyderabad. "I am very worried [about...
What's going on? Part of it is the fact that "gold's gyrations are the Dow Jones index of anxiety," as this magazine put it three decades ago amid the last big gold fever. When investors are scared - about inflation, about political turmoil, about financial breakdown - they return to the soft, shiny metal that has for millennia served as a store of value. When things calm down, as they did after the gold price peaked in 1980 at $850, demand for gold subsides and the price declines. (See pictures of modern day gold prospectors...
...That's why John Maynard Keynes called the gold standard a "barbarous relic," and why you won't find anyone outside the goldbug fringe calling for a full return to the gold standard now. But a partial return, in which central banks hold gold as a hedge against financial turmoil (the Reserve Bank of India just bought $6.7 billion of the stuff from the International Monetary Fund) and gold begins to play a role in the pricing of oil and other important monetary tasks, may well be in the cards. Gold is looking less barbarous than the alternatives...