Word: 1960s
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Dates: during 1990-1999
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...backs of twentysomething executives who work overseas and are fighting not only for the cause of their chosen company but also to propagate a belief system that has served us well. It is a pragmatic idealism as intense as the fire that sent Peace Corps workers abroad in the 1960s. The globalized, interconnected economy we are helping create is likely to be our best insurance of a peaceful world for our children...
What makes today's economy one for the books, TIME's panelists say, is its rare combination of tireless growth and stable prices. The 1960s and '80s went from boom to bust when the Federal Reserve jacked up interest rates to keep prices from getting out of hand. But these days, inflation is barely on the radar screen, even though the unemployment rate has fallen to 4.9%, a level not seen since Richard Nixon was President. That astonishes Princeton economist Alan Blinder, a former Fed vice chairman. If he had bet on such results four years ago, Blinder notes...
Since the 1960s, he has helped the populations of Nigeria, India, Thailand, Zaire and the United States combat communicable disease. Eradicating smallpox and coordinating relief for local populations have been two of his lifelong professional goals...
...1960s Cambridge proposed to tax the property. Harvard resisted initially but then compromised with the city to make "payments in lieu of taxes" (PILOT), voluntary contributions to the city which at the time were "essentially" what the University would have paid were the properties taxed, says James P. Maloney, assistant city manager for finance...
Outgoing Dean of Undergraduate Education David Pilbeam says that the move towards academic specialization is linked to the expansion of graduate programs in the 1960s, a time he calls "an era of expansion and segmentation...