Word: 1980s
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...Circuit City was incredibly successful in the 1980s and 1990s, but they never changed after that," says David Schick, an analyst at Stifel Nicolaus. If it had adapted, it might have ended up like its chief rival, Best Buy, which in August reported both increased sales and a quarterly profit of $200 million. Instead, Circuit City reported a loss of $239 million in late September...
Another factor that helped make Canada the new gold standard in banking was Ottawa's decision in the late 1980s to allow commercials banks to acquire investment dealers on Toronto's Bay Street, the country's financial hub. As a result, these institutions are subject to the same strict rules as commercial banks, while U.S. investment dealers are subject to only light supervision from the Securities and Exchange Commission. Morgan Stanley and Goldman Sachs, of course, will now be under the U.S. Federal Reserve's supervision since they have been chartered as bank-holding companies...
...late-70s foray into that of the “singer-songwriter,” though to little success. The 80s brought a more experimental flavor to Kottke’s music, as he incorporated an even wider variety of sounds into his acoustic tableau. In the early 1980s, after sustaining chronic injuries to his hands due to an aggressive playing style and taking a brief hiatus, Kottke reinvented his technique and returned to the guitar. Since then, his two most high-profile recordings have been collaborations with Phish bassist Mike Gordon—2002?...
...fueled the exuberance. In cities like Tallinn, families borrowed to buy their own homes for the first time. Flashy cars bumped along cobblestone streets, while high-end restaurants catered to the new moneyed class, serving mojito cocktails and champagne for lunch. "It was like New York City in the 1980s," says Imre Kose, chef de cuisine at Vertigo, one of the city's trendiest restaurants. "Everything was on credit and everything was materialistic. It was amazing...
...moments in this campaign when Obama was forced to manage the issue of race deftly and explain the unexplainable to a largely white electorate. Consider the case of his former pastor, the Rev. Jeremiah Wright Jr. Obama joined Wright's Trinity United Church of Christ in Chicago in the 1980s, when Obama was an obscure community organizer. Trinity gave Obama an entrée to the city's thriving black middle class, and Obama came to view Wright in particular as a mentor. Yet earlier this year, Obama was compelled for political reasons to leave the church. The public criticism...