Word: 1980s
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...Though Saga remains best known for its travel services and magazine, four-fifths of its revenues now come from financial services, particularly insurance. In the early 1980s, it realized it could offer older consumers cheaper rates for home insurance. Back then, home insurance in Britain was sold on a one-price-fits-all basis. Saga correctly reckoned that older homeowners were less risky to insure, so their premiums could be lower. Saga applied the same formula to sell low-cost auto insurance and then broadened to offer a full range of insurance products. Of course, other insurers...
...about their country's direction, the depressed city of Yubari on the northern island of Hokkaido provides an ominous worst-case scenario. Once a thriving coal-mining town of 130,000, Yubari has shrunk to 13,000 people, with 40% of them 65 years old or over. In the 1980s and '90s town officials tried to stanch the economic decline by borrowing hundreds of millions to remake the city as a tourist destination, only to fail miserably-as Yubari's shuttered amusement park, melon museum and robot museum testify. After racking up over $500 million in debt-roughly 14 times...
...decide whether or not to continue the gift shop beyond the month of February or what to do with the proceeds if the gift shop remains open. The digital icons were designed by Susan Kare, the graphic designing company that created the original Macintosh Computer icon set in the 1980s. “We chose one of the best iconic designers out there for the virtual gifts because we imagine that the gifts are something that could be collectible,” Barker said. Barker also said that, starting today, new Valentine’s Day-themed gifts will...
...Franken has been running for office since the late '70s, when he would appear on SNL's Weekend Update segment and announced, "Vote for me, Al Franken. You'll be glad you did!" In his possibly ironic role as a relentless self-promoter, he proclaimed the 1980s "the Al Franken Decade." In 1999 he published Why Not Me?: The Inside Story of the Making and Unmaking of the Franken Presidency, the myopically prophetic account of how he won the 2000 election and shortly thereafter lost the presidency (though his attempt to personally kill Saddam Hussein sounds like a natural poll...
...More and more people are taking Guimaraes' advice this year as carnival returns to its roots and the street parties that were once the staple of the pre-Lenten festival. Until the 1980s, Rio's big samba schools paraded through the city center, their dancers, drummer and floats feted on all sides by enthusiastic revelers. But when the celebration moved to Oscar Niemeyer's sambadrome in 1984, it marked the beginning of the end for the spontaneous carnival of the people. Authorities began selling tickets to what had been a free show, pricing out many. Corporate clients reserved large parts...