Word: 1980s
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Dates: during 1990-1999
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This may seem obvious, Freeman adds, but the high growth of the 1980s--combined with high unemployment for the unskilled--made economists wonder whether the advantages of the present economic boom would necessarily spread to every socioeconomic group...
...more than a year in the early 1980s, Gore cleared eight hours a week on his schedule to study arms control, wheedling the country's premier experts to give him tutorials and ultimately making his mark in the nuclear debate with an idea for the single-warhead missile to stabilize the arms race. Leon Fuerth, a former foreign-service officer who landed on the staff of the House Intelligence Committee, oversaw his education and has remained with Gore since--making Fuerth a force in his own right in the Clinton White House and the presumptive favorite for National Security Adviser...
Schrempp, for his part, is house hunting in the Detroit suburbs. "I am learning that ultimately a company is people, nothing else, and I can handle both sides," he says. In fact, he ran a Mercedes truck subsidiary in Euclid, Ohio, during the 1980s. "I know when to tell the Germans to loosen up and when to tell the Americans, 'Look, we made a decision on Monday--wouldn't it be nice if it sticks on Tuesday?' If it is managed well, then we will be so much better than all the others...
Unlucky or not, this is the worst losing streak for the launch industry in the past 13 years, since the Challenger explosion drove skittish customers away. And with each new pratfall the domestic fleet suffers, the U.S. share of the launch market looks shakier still. In the 1980s, the U.S. controlled 75% of the world's commercial-launch business; that figure is now about 45%, with new competitors on the horizon. "Until Lockheed and Boeing sort out the glitches," warns Marco Caceres, an analyst for the Teal Group in Fairfax, Va., "they are not going to compete...
...already difficult decision to interrupt a career and go to business school may be getting tougher, as top B schools are increasingly choosing applicants with more years of work experience. In the late 1980s the average business-school student was 24 years old; now the average age is 29. "For lots of women, this is a time when they're making decisions about family and marriage," says Gray. "People are in committed relationships, and traditionally it's the woman's career that takes the back seat." Gray's didn't, but she did spend her first four months at school...