Word: eras
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...debt binge was fueled by easy money and the belief that prices of assets - those of houses in particular - never went down; only interest rates did. That era is over. It will be replaced by what will be one of the more painful, and consequential, economic chapters in our history: the great deleveraging of America. On Wall Street, the largest financial institutions on the planet are reducing their debt and trying to build up capital, which once upon a time was the seed corn of their business, and now must be again. Retail banks like Wachovia and investment banks like...
...That would eliminate the need for foreigners to fund our deficits. The hope is that as we sober up from our debt binge, we'll at least be able to do it ourselves. An era of thrift may be necessary now, but at some point, Americans are going to have to feel like spending again for the economy to grow. It's just hard to see, amid the current economic gloom, when that day will come...
...When you came to the States, you stayed with a Quaker family. How did that experience affect you? Andrew Sun, Los Angeles It was during the Vietnam War era, so my eyes were opened to a lot of things about the world: democracy, freedom, choices and the responsibility that is tied to freedom and choice. In [the new film] A Thousand Years of Good Prayers, the daughter says, "I learned a new language, I learned a new culture and became a new person." And that's really what I went through...
...Jett Jackson in everyday conversation. Two of my clearest memories are of that fateful day in second grade when my dad installed a satellite dish, just in time for the golden age of Snick, and then the day just last summer that catapulted The Lamb Family into the TiVo era...
...adopt this policy to their misunderstanding of the U.N.’s disarmament plan. To prevent terrorism, Ban encouraged countries to explore nontraditional security measures and involve civic organizations and other countries in their security policy. Calling climate change “a truly defining issue of our era,” Ban said the countries most affected by climate change will be those that have contributed the least to the problem. He also said he hoped that an international climate change treaty could be ratified by next December. While he lauded Harvard’s sustainability plan...