Word: 1980s
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With Las Vegas in the grips of its worst economy since the early 1980s, the storm that dumped four inches of snow on the desert metropolis in mid-December felt like piling on. The city's cocksure swagger is gone...
...Three's labor force one of the world's best paid and protected - clout that is now a focus of what's wrong with Detroit. Still, the foreign automakers are in America in large part because, as their more fuel-efficient cars became popular in the U.S. in the 1980s and '90s, the UAW lobbied to get them to build production plants here...
...with diamonds - one for every year he has ranked among the top Dodge salesmen in the country - and he has enough years behind him to remember tougher times. When his salesmen complain, he recalls trying to sell cars when interest rates were 17 and 18% back in the early 1980s. "I say, 'Guys, you've got no idea what it was like,'" Sullivan said. "If there weren't a few people paying cash, we would have been out of business...
Unlike in the 1980s, when oil fell to $8 a barrel, Texas is not heavily dependent on its energy industry, so the state "should have more resistance to, but not immunity from, recessionary conditions," according to state comptroller Susan Combs. When the legislature convenes for its biennial session in January, Texas will have a big surplus, thanks in part to last year's booming oil and gas revenues - one of only nine states...
...Cupola's sway is thought to have faded in importance under the reign of Salvatore (Toto) Riina in the 1980s, when the bloodthirsty boss of bosses wielded a more autocratic hand. The boss board is believed to have rubber-stamped the 1992 assassinations of Falcone and fellow magistrate Paolo Borsellino, but it was at the insistence of Riina, who would be captured the following year...