Word: 1980s
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...approximately 4,500 undergraduate students throughout the 1980s and 1990s, according to Schmill, but the university reduced its class size when it began requiring all freshmen to live on campus...
...1980s were a monument to Wall Street excess, witnessing some of the most notorious insider-trading prosecutions in history. Corporate raider Ivan Boesky - said to be an inspiration for the fictional Gordon ("Greed ... is good") Gekko, villain of the Oliver Stone film Wall Street - was sentenced to 3½ years in prison and fined $100 million in 1986 for insider trading. Financier Michael Milken, the "junk-bond king" who famously earned $550 million in 1987, avoided prosecution on similar charges by pleading guilty to other criminal counts. But the largest insider-trading conviction came two decades later, in 2007, when...
...need for outside financing fell, but the financial sector refused to shrink; it pumped out ever riskier products until the system nearly collapsed. Why the refusal? Maybe the pay was too good. Philippon and the University of Virginia's Ariell Reshef have found that, starting in the mid-1980s, financial-sector paychecks began to outstrip those for jobs in other sectors demanding similar skills and education levels. Since the late 1990s, Philippon and Reshef estimate, 30% to 50% of financial-sector pay has amounted to what economists call rents - windfalls that serve no economic purpose. They may even hurt...
...could cast a shadow over the alliance. "Hatoyama is reluctant to decide by the end of the year, and [if he doesn't] that will cause a sensitive and difficult situation for the two countries," says Takao Toshikawa, editor of political newsletter Insideline. (See pictures of Japan in the 1980s and today...
...from combat zones with PTSD. A survey by the Rand Corp. in April revealed that 1 in 5 service men and women are coming back with posttraumatic stress and mental depression. Previously known as "combat fatigue" or being "shell-shocked," PTSD was only diagnosed as an illness in the 1980s, but it has been around for as long as men have been killing one another and undergoing fearful experiences. It can lead to outbursts of rage, emotional numbness, severe depression, nightmares and the abuse of alcohol and painkillers. In extreme cases, PTSD sufferers have committed suicide and murder. Since...