Word: 1980s
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...During the savings and loan crisis in the late 1980s and early 1990s, 747 banks and S&Ls failed. Taxpayers pay to protect bank customers' money, as is true with any bank failure involving FDIC-insured deposits. A taxpayer with $100,000 of insured cash in his local bank might get lucky. If the firm goes under and his deposits are saved by the FDIC, his years of paying taxes will come back to him with a profit...
...that their clientele would not deign to purchase more outlandish clothing this coming fall, or that customers would be focusing instead on updating old standards, like coats and suits. Others, namely Marc Jacobs, chose to hearken back to times that they remember as freer or happier—the 1980s. They tended to become subsumed in their own nostalgia, however, and though exaggerated shoulders and metallic fabrics were a gleeful response to these gloomy times, they did not necessarily come off as conscious or even relevant. We all know how people dressed when times were fun, but how will...
After the bursting of Japan’s asset bubble in the late 1980s, its economy showed little growth in a period known as the “Lost Decade.” Over the following years, Japan injected capital into banks that were likely to be insolvent so that they could stay open without dealing with the reality of their liabilities. This story sounds grimly similar to the Troubled Assets Relief Program, by which the Treasury handed $700 billion to the nation’s banks with little positive result. The consequences of the Japanese—and hence...
...Though it had begun to experience a revival, the school still faced major unresolved issues when she assumed the deanship in 2003.The peace and institutional reform during Kagan’s tenure as dean of the Law School have marked a significant shift from the ideological battles in the 1980s and early 1990s, when a warring faculty became symbolic of the school’s larger problems.Kagan embarked on a wide-ranging reform campaign to address many of the issues she had experienced firsthand as a student at the Law School, hoping to improve the student experience that many describe...
...Natalia A. Reed, a preceptor in the Slavic languages and literatures department who was a Harvard graduate student in the 1980s, says that Leavitt and Peirce has retained its character...