Word: normalization
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Dates: during 2000-2009
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...slowdown on the world's assembly lines is a normal part of any recession. As demand shrinks, so must production. But now that the recession is easing, there is considerable debate among economists about whether manufacturers will be rehiring workers and restarting assembly lines anytime soon. Despite aggressive downsizing by industries like auto manufacturing over the past 18 months, there are fears that the world remains stuck with so much excess production capacity that any recovery will be anemic, plagued by deflationary pressures, high unemployment and ailing bank-loan portfolios. "Unless we deal with the excess capacity situation, we will...
...today: when to exit from stimulus programs that were introduced to combat the recession. Everyone agrees the cure for excess capacity is increasing demand, whether it is generated through a fundamentally strengthening economy or through artificial means like "Cash for Clunkers" measures. Turn off the tap too quickly before normal demand recovers, and the downturn could persist. "The best way of reducing excess capacity is by not prematurely unwinding stimulus spending," Lin of the World Bank told TIME...
...ordinary recession? There is a widespread belief among economists that a secular shift in global spending patterns is under way. U.S. consumers, the usual drivers of economic growth, are reducing their outlays and may do so for years to come as they pay down debt. Under this "new normal" scenario, some of today's spare capacity may never come back into action because total demand will remain depressed indefinitely. Factories in some crowded sectors will have to be permanently closed or retooled to make different products...
...started calling once a week, sometimes twice a week, and we'd talk about my weekend. And then I would tell funny stories about my weekend or what he thought were funny stories and I thought were normal. And he started asking if I had pictures from my weekend and so I showed pictures. It kind of gradually became different things at different times." - Discussing in an interview how she became an on-air personality on the show (Fort Worth Star Telegram, March...
...think she went to the Harvard game because she wanted to be a normal Brown student,” said the individual, who requested not to be named to protect Watson’s privacy. “Understandably, it’s really not cool to be stalked...But I think there’s more speculation about what’s going on from the outside than there is from the inside...