Word: 1990s
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Dates: during 1990-1999
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...preappointment editorial in the Economist that declared, "What is needed is an inspiring missionary leader for a church that has lost whatever grip it had on an increasingly pagan country." No bishop has been more enthusiastic in promoting the church's desperately needed "Decade of Evangelism" in the 1990s, and none seems better equipped to give it a go than Carey of Canterbury...
...there is more separating 1990s youngsters from the sense of place and history that so clearly marked their parents' childhoods. Most older white Southerners overtly or passively supported massive resistance in the '50s and '60s. What can they possibly say to their children to justify or explain, let alone glorify, the wretched record of racial murders, political demagogues, separate rest rooms and school closings? If the South once venerated a past that would not die, it now has a more recent past that must be denied -- or ignored...
...mighty Japanese, now far and away the world's biggest banking players, are also being squeezed. Japanese banks face rising interest rates that boost their costs at home and new international capital-reserve requirements that curb their lending abroad. In Europe, considered the premier expansion market in the 1990s, the European Community's July 1 deregulation of financial flows across most members' borders is expected to accelerate the merger movement in the Continent's highly protected banking industry. West German banks are also preoccupied with the beckoning market of East Germany...
REAL LIFE WITH JANE PAULEY (NBC, July 17 and 24, 10 p.m. EDT). Everybody's favorite ex-morning show host gets a prime-time showcase: the first two of five summer specials that will explore the "stresses and strains and silliness of the 1990s life-style...
...fact of life in the 1990s economy is that a college degree is mostly about survival. A person under 30 with a college degree will earn four times as much money as someone without it. In 1973 the difference was only twice as great. With the loss of well-paying factory jobs, there are fewer chances for less-educated young people to reach the middle class. Many dropouts quickly learn this and decide to return to school. But that decision costs money and sends many twentysomethings back to the nest. Others are flocking to the armed services. Private First Class...