Word: 1980s
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This is what you call a bad-debt problem. The U.S. banking system had a couple of big bad-debt problems in the 1980s (remember S&Ls? Latin-American debt?) and slowly, grindingly, expensively worked its way through them. But now most mortgages aren't sitting on the books of the lenders who made them. Instead they've been chopped up and combined into securities--with values contrived by complex mathematical models--and sold to banks, pension funds and other investors around the world. This securitization was supposed to spread risks more widely and more efficiently...
...urges Tibetans to learn Chinese so they can talk with their new rulers, not fight with them-as reports trickled out of Tibet of freedom demonstrations that have led to some of the bloodiest confrontations in the region since similar protests preceded a brutal crackdown in the late 1980s. The violence has left 99 people dead, according to Tibetan exile groups; the Chinese government says 13 "innocents" were killed in the riots. Soon after monks began demonstrating in the Tibetan capital of Lhasa, Chinese forces moved to contain the marchers, but the disturbances spread to other Tibetan cities, and their...
...convention called for coca's elimination by the late 1980s. A new accord struck in 1988 recognized the plant's traditional attributes and allowed for limited local use, while anti-narcotics forces continued to work to wipe out coca's drug-related cultivation, destroy the labs that process it into cocaine and intercept traffickers. But this month's INCB report seeks to end that uneasy arrangement. A big reason is that despite the decades-long, multi-billion-dollar drug war in Latin America, cocaine production has remained stable at best. Criminalizing even traditional coca use may be the only means...
...This week's events resemble the 1959 uprising and similar protests in the late 1980s, Sangay believes, all of which followed periods of attempted dialogue. "There is a co-relationship between dialogue not working out and demonstrations, dialogue not working out and frustration growing. [When dialogue constantly fails] this type of uprising is inevitable. It's not a question of if, but when." The protestors, says Sangay, are not rejecting the Dalai Lama's call for dialogue and negotiations, but Beijing's refusal to take negotiations seriously. "It's not that the Dalai Lama is wrong," says Sangay...
Researchers compared 1990s and 1980s data from death certificates, the U.S. Census, and a national mortality study and found that while Americans with 12 or more years of education saw increases in life expectancy throughout those decades, their peers with fewer years of schooling did not see an increase in the 1990s...