Word: 1980s
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Dates: during 2000-2009
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First, some background: private equity refers to what in the 1980s was called the leveraged buyout (LBO). LBO artists such as Henry Kravis and Carl Icahn borrowed lots of money on the junk-bond market built by financier Michael Milken and used it to finance takeovers - sometimes hostile ones - of struggling corporations. During the recession of the early 1990s, the LBO business faltered, and many predicted its demise. But buyout funds re-emerged under the more genteel moniker private equity, eschewed hostile takeovers, reliably outperformed the S&P 500 and grew to be a far bigger force than they ever...
...exile but the extinction of her native language. Under Franco, Catalan’s very existence was threatened, banned outright in the public sphere and severely curtailed in the private sphere. In this context, while translations of Spanish language novels achieved worldwide fame and renown in the 1970s and 1980s, Catalan writers remained obscure, even after Franco’s death in 1975, when the ban on Catalan was lifted. With her translation of “Death in Spring,” Martha Tennent hopes to begin to redress this historic injustice. How deeply unfortunate, then, that the novel...
...York University’s Tisch School of Arts because he felt the teaching restricted his experimental aspirations. Now it seems McQueen has found success in this artistic attempt at relaying the famed story of the Irish Republican Army’s hunger strike in the early 1980s.“Hunger” follows the group of prisoners at Ireland’s Her Majesty’s Prison Maze that demanded basic human rights in jail—such as the freedom to wear their own clothes, receive one visit a week from a family member, and organize...
...1980s, the war on drugs was in full swing, as the crack epidemic threatened to overwhelm American cities' criminal justice systems. Drug crimes had become increasingly violent, prompting calls for even stricter mandatory minimum sentencing laws. In 1986, the Reagan Administration passed a law requiring federal judges to give fixed sentences to drug offenders based on variables including the amount seized and the presence of firearms...
...trade, and, it seems, to a renaissance of relic forgery ... Many of these forgeries are convincing to all but the most seasoned experts in the field, and even a few of them have been fooled," Manseau writes, adding, "The problem of fake relics goes well beyond bones. Throughout the 1980s and '90s, the Church of Jesus Christ of Latter-Day Saints was shaken by the exposure of forged documents related to its founding. The counterfeiter responsible for the fakes was a disgruntled Mormon missionary ... He created and sold titillating documents - including one that purported to show that LDS founder Joseph...