Word: 1980s
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...initial legal theory didn't last forever. By the 1980s, the Supreme Court had ruled that equal access was too broad a policy, and that for insider trading to be illegal a person had to breach a fiduciary duty - a trust that had been established between that person and the company. In one landmark case, the court overturned the conviction of a printer of financial documents who bought shares of companies he knew were takeover targets. The prosecutors, the court found, hadn't proved the man's responsibility to the firms involved in the transactions. At the same time...
...according to the Centers for Disease Control and Prevention. Smokeout organizers claim some responsibility, saying the campaign "set the stage for the cultural revolution in tobacco control that has occurred over this period." For younger generations of Americans, it's hard to imagine that as recently as the 1980s, smoking was allowed on commercial airplanes and in hospitals. The Smokeout has helped, to be sure, but so too have restrictions on tobacco advertising, local bans and, notably, the Tobacco Master Settlement, which ordered cigarette makers to pay some $200 billion to states to cover smoking-related health costs and public...
...generation of idealistic Japanese is attempting to sway the world through cultural, social and economic means. Japan doesn't tend to trumpet its efforts - understandable given the nation's imperial past and historic disregard for national boundaries. When a Japanese real estate firm snapped up Rockefeller Center in the 1980s, the deal unleashed unease among some Americans, who feared that Japan was literally taking over America. But this time around, its campaign for global hearts and minds has been far more successful. According to a BBC poll this year, Japan ranks second in the world when it comes...
...much as Japan is exerting its influence abroad, the country needs to welcome the world to its shores, too. Back in the 1980s, during Japan Inc.'s first global foray, many of its mergers and acquisitions languished because overseas employees chafed under the strictures of Japanese management. In the same way, unless Japan relaxes its rigid immigration policies, cultivating foreign Japanophiles will be a waste of time. Indeed, in moving beyond Japan's insular past, Prime Minister Aso might do well to take inspiration from a cuddly cat. Hello Kitty, it turns out, may not be ethnically Japanese. Her surname...
...this handy timeline, FM takes a look back at how other recent historical milestones affected our social life. Title IX (1972) Female athletes start to balance out the female nerds. This creates negative side effects for Wellesley girls, as they get displaced by the tougher competition. HIV Awareness (1980S) As one alum from the 70s recently explained, “Let’s just say things were a lot looser before AIDS.” I’ll leave it at that. Drinking Age Changed to 21 (1984) This was undeniably devastating, but there is a bright side...