Word: 1980s
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...last big mortgage debacle, the savings-and-loan crisis, was made mostly in Washington. The S&Ls were required by law to borrow short (via savings deposits) and lend long (via 30-year, fixed-rate mortgages). When that led to big losses in the inflation-racked early 1980s, Congress encouraged thrifts to grow their way out of trouble, in part by financing commercial real estate, with disastrous results...
Traditionally, Castilla-León is Spain's breadbasket, its dry flatlands covered with wheat, barley and other grains that require little water. But in recent decades, farmers have begun switching to more profitable irrigated crops, unwittingly creating an alluring new habitat for the vole. "Since the late 1980s we have seen occasional cycles in which large numbers of voles, drawn by these new food sources, have appeared in the northern part of Castilla-León," says biologist Juan José Luque, a rodent specialist at the University of Valladolid. "What's extraordinary this year is that, instead...
...Under the leadership of the National Police, an agency created by the revolutionary government of the 1980s, the Sandinistas are using their status on the street to win the war on the gang problem that has plagued much of Central America. But it's a war they're waging without violence...
...unlikely that Carl will allow his flagship to deteriorate in quality, since he spent years sweating the development details. A fourth-generation builder, the inspiration for Viking occurred when Carl was constructing his own home in Greenwood in the early 1980s. His wife Margaret wanted a gas range like the Chambers brand she had grown up with: a hulking cast-iron and porcelain beast weighing more than 500 lbs. (225 kg). Chambers was long gone, supplanted by flimsier ranges that offered utility sans style. So Carl decided to build his own, inspired by another contractor whose high-quality cooking utensils...
...world at large, Teresa progressed from confessor to confessor the way some patients move through their psychoanalysts. Van Exem gave way to Périer, who gave way in 1959 to the Rev. (later Cardinal) Lawrence Picachy, who was succeeded by the Rev. Joseph Neuner in 1961. By the 1980s the chain included figures such as Bishop William Curlin of Charlotte, N.C. For these confessors, she developed a kind of shorthand of pain, referring almost casually to "my darkness" and to Jesus as "the Absent One." There was one respite. In October 1958, Pope Pius XII died, and requiem Masses...