Word: 1960s
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...Until 2005, Greenberg was the head of both AIG and Starr, which was one of a number of companies that were the predecessors to the modern AIG. When AIG was formed in the late 1960s and taken public, Starr was given hundreds of millions of shares of the new company. Controlled by AIG executives, Starr was given the shares as a defense against hostile takeovers of the insurance giant. Five years later, Starr set up the disputed long-term compensation plan that for many years rewarded AIG executives from Starr's trove of company stock when the insurer's profits...
They weren't the only stars rooting for Federer. At his home in California, Australian tennis legend Rod Laver, who won 11 Grand Slam titles in the 1960s, set his alarm for 5 a.m. to watch the match. Not far away in Los Angeles, Sampras rolled out of bed in time to catch Federer's winning shot, and then tell journalists that he believes that the Swiss player should now be considered the greatest ever. Woods was at home with his wife, "yelling at the TV, the whole deal...
...sexual revolution of the 1960s, women had launched their own version of the prewedding festivities: the bachelorette party. Prior to the late 19th century, women were limited to bridal showers, the main function of which was to acquire a dowry and gifts to prepare them for marriage. Bachelorette parties allowed women the opportunity to express their own sexual freedom with drinking games and (male) strippers. Other couples, uncomfortable with the expectations of debauchery, celebrate their last night together in combined stag and doe parties - an idea that's grown popular as more couples live together and marry later in life...
...understand the Great Consumer Retrenchment is to look at the amount of debt the typical household carries as a percentage of its disposable income. The ratio of debt to income increased from about 35% in the early 1950s to about 65% by the mid-1960s, where it more or less stayed until the late 1980s. That's when debt started its epic rise, hitting 100% of income in 2001 and going all the way up to 133% in 2007. (Read "Five Reasons for Economic Optimism...
...state of Israel in 1948, when thousands of Palestinians were pushed into the neighboring countries of Lebanon and Jordan. Incensed over the expulsion, various militant factions, including the powerful Palestinian Liberation Organization (PLO) led by Yasser Arafat, began sprouting up in Palestinian refugee camps in southern Lebanon in the 1960s. The PLO's attacks on Israel's northern border prompted a full-scale invasion by Israeli troops in 1982, a conflict which angered south Lebanon's largely Shi'ia Muslim community - which directly suffered the consequences of Israel's military intervention - and fueling the rise of the next generation...