Word: 1980s
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Dates: during 1990-1999
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...Harvard administrators can't really blameMeyer for all the trouble, either, since he onlyassumed his post in September 1990 (hispredecessor, HMC founder Walter M. Cabot '55,reportedly was eased out the door after returnsdeclined steadily since the mid-1980s...
Then, the University was heavily invested insafe, but uninspiring domestic bonds, andunderweighted in foreign stocks, which took off inthe mid-1980s. Within nine months, Meyer reversedthat policy. By the close of fiscal 1991,Harvard's stake in U.S. bonds had been pared downby more than $500 million from a high of $1.3billion. Meanwhile, foreign stock holdings swelledby nearly $600 million, to $861 million...
...late tojumpstart HMC's lagging returns--just as foreignstocks started to level off. In fiscal 1992,Harvard earned a paltry 1.3 percent on its foreignequity holdings, compared to 14.4 percent on U.S.stocks. Meanwhile, Harvard's holdings in thespeculative real estate and commodities sectors,staked out in the early 1980s under Cabot, werepummeled, the victim of depressed markets and poorinvestment choices...
...faces of the participants have changed since the arguments over gay participation in ROTC at Harvard started in the late 1980s, but the essential elements of the conflict have not: balancing a stance against antigay discrimination with the rights and needs of student cadets...
Redemption earns even more glory among evangelicals than consistent faith and virtue. And for Ralph Reed, sudden self-reform has always come easily. A heavy smoker as an undergraduate at the University of Georgia in the early 1980s, he pitched his pack of Marlboro Lights out a car window one day and never bought another. Booze was also a problem, so he went instantly dry during the summer after graduation. Weeks later, sipping soda in a Washington saloon as some pals drank harder stuff, he was seized by a thirst for "deeper spiritual meaning" in his life. Reed chose...