Word: 1980s
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Dates: during 1990-1999
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...barricades. At a time when budget zealots are attacking everything from Medicare to corporate welfare to whole Cabinet departments, the U.S. military has presented Congress with a plan to spend as much on new warplanes over the next decade as it did during the huge defense buildup of the 1980s. If Congress decides, as a growing number of experts have, that the proposal to spend a grand total of $415 billion over the next 35 years is unjustified, the task of balancing the federal budget could suddenly become a lot easier...
...earth's cobalt and much of the world's supply of industrial-grade diamonds, plus substantial reserves of zinc, copper, manganese and gold. But ever since the prices of metals began dropping in the 1970s, Zaire's economic progress has been frozen. Stagnation turned into catastrophe in the late 1980s, when the cold war ended and the Western powers that had bankrolled Mobutu as a bulwark against communism informed him that his credit had run dry. In response, the President distanced himself from day-to-day governance, and Zaire's threadbare cohesion started to pull apart. The worst unraveling took...
This heads-up approach got its impetus early in his hoop career when he witnessed the fleecing of fellow Laker Kareem Abdul-Jabbar, who lost millions to unscrupulous financial advisers in the 1980s. Johnson dumped his own advisers and started demanding monthly statements from his new ones. He realized that Magic Johnson was a brand name as well as his own, and that he wasn't benefiting from it. So he became the first active N.B.A. player to be a league licensee. "I just kept seeing all these people wearing my T shirts, and I was not getting a dime...
Although Silverman was educated as a lawyer, he gravitated to the more treacherous world of dealmaking, cutting his teeth with Wall Street's Blackstone Group in the merger mania of the 1980s. There he was involved in dozens of corporate deals. But don't look for his name in the headlines: he shies away from New York City's mogul madness. As one of his staff says, "He is not part of the scene. You will never see him on Page Six [the New York Post gossip page]. He is focused on business...
...there is hope for us baby-boom parents. Schools nationwide have abandoned the Chivas Regal ethos of the 1980s as they cope with sharp increases in demand for financial aid and the first signs that some high-caliber students are choosing to attend flagship public universities rather than go into eternal debt...