Word: 1980s
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Dates: during 1990-1999
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Wall Street firms have also cherry-picked some of the banks' best business. Merrill Lynch, for example, has been targeting smaller companies since the mid-1980s. Last year its business financial-services division had about 3,000 clients and $800 million in loan commitments...
...conglomerate as large as the Pentagon could hardly escape the restructuring that has been the watchword of corporate America for a decade. The end of the cold war has reduced the uniformed services from 2.1 million members in the mid-1980s to 1.7 million, heading down to 1.4 million or fewer. The defense budget will decline in real terms by more than 40% between 1985 and 1997. This downsizing leaves the U.S. with far more bases, support and repair facilities than it needs. But which ones to close? Even a relatively small base represents vital jobs and millions of dollars...
...fate of the Everglades could be decided this week. A $465 million restoration plan, originally hammered out in the late 1980s, has emerged from nearly five years of litigation and faces a mediator's June 21 deadline. Federal and state officials, environmentalists, Native Americans and farmers are still haggling over who will pay for the cleanup and the timetable. If no settlement comes this week, the issue is likely to go back to court -- where it could linger for years while the ecosystem deteriorates. "What's at stake is the biological future of the Everglades and the Florida Bay," says...
...then forced into brothels in Houston, Detroit and other cities. Compelled to repay the marriage fees and plane fares, and threatened with violence, "these women live in fear," says Harris County civil prosecutor Terry O'Rourke. A local crackdown has sizably cut down the traffic since the late 1980s, but it still continues, and crime rings are now supplanting some of the Korean women with Salvadorans. In Los Angeles the trade is export oriented: White Americans have been lured to Japan on singing, dancing and modeling contracts and then coerced into prostitution. "It's a recurring scam," says Los Angeles...
...Asia the sex trade has long operated on an industrial scale. In the 1960s and '70s, Japanese men flocked in organized sex tours to Taiwan and South Korea; later on, they preferred the Philippines and Thailand. The practice still flourishes, but in the 1980s the traffic became two-way, with Filipina and Thai prostitutes migrating to Japan. Despite the efforts of citizens' groups to publicize the problem, little has been done to help the estimated 70,000 Thai "hostesses" now working in Japan as virtual indentured sex slaves in bars usually controlled by yakuza gangsters. The women, many of them...