Word: 1970s
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Dates: during 2000-2009
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...other casino, to be developed by Malaysia's Genting International, will stand on Sentosa Island, which is connected by bridge, light rail and cable car to the main island. Using land it had been reclaiming since the 1970s, the government several years ago began auctioning Sentosa plots to the private sector, but only to be developed under its careful guidance and marketing. Beaches that ringed the island were spruced up, and two golf courses modernized. Thirteen hotels containing about 3,500 rooms are planned, providing lodging for tourists drawn to the beaches, the casino and a Universal Studios theme park...
Consider what happened the first time the nations of the Persian Gulf found themselves in a dollar gusher, during the oil crises of the 1970s. They handed back much of that money to Western banks, which loaned it out to developing countries that couldn't repay it. Then, in the late 1980s and early 1990s, Japanese firms recycled their dollars by investing in trophy U.S. properties, including Rockefeller Center and the Pebble Beach resort. Both those deals ended in bankruptcy for the acquirers...
Ever since the late 1970s, America's appetite for foreign oil, cars and consumer electronics has resulted in trade deficits that can be financed only by attracting investment from overseas. Since 1986, the U.S. has been a net debtor--to the tune of $2.7 trillion...
...fact, Hergé was contrite about Tintin in Congo, which was never published in English during his lifetime. And in the 1930s he was injecting anti-Nazi storylines into his work. In later books, Tintin is found fighting both communists and capitalists, and by the 1970s he had replaced his cloth cap and plus fours with blue jeans and yoga...
...country's manufacturers began to struggle with foreign competition in the 1970s, some retirees got shafted, and lawmakers and regulators responded with new rules that were intended to protect pensions and retiree health insurance but instead scared most companies away from even offering them. Pension plans have given way to 401(k)s, in which employees bear all the risk, and the Employee Benefit Research Institute says only 13% of U.S. private-sector employers now offer health benefits to retirees...