The Hill News

Words have power. Names have power. Three years ago we spoke to Newsweek about what should the then-current/still-current economic crisis be named. The 'Great Recession' was favored by the New York Times and eventually "certified" by the AP Style Guide. The Global Language Monitor's position was that the economic crisis of 2008 did not resemble a recession, as we had come to define them, and the resemblance to the Worldwide Economic Depression of the 1930s was tentative, at best.

GLM's position was that we were experiencing was not a recession, neither great nor small, but something of a wholly differing sort: a Global Economic Restructuring.  

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