Word: 1990s
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Dates: during 1990-1999
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Outside of the temples of high finance, Soros was almost unknown until the early 1990s. On Wall Street he is judged the greatest hedge-fund investor of our time. With characteristic candor, he says he "carved myself a place on Mount Rushmore as a money manager." An investment of $100,000 with Soros in 1969 would be worth $300 million today...
...York is not America. In fact, several police departments that entered the 1990s with a reputation as out-of-control head bangers, including Los Angeles and New Orleans, have turned a corner. That's because cities have learned to simultaneously provide effective police training, install a credible oversight authority, develop better relations with the people they serve and send a clear message to cops that abuses won't be tolerated...
...Rendell offered workers a contract that froze wages for 33 months and cut back on paid holidays. After a 16-hour strike, the unions capitulated. Under Rendell, a city that was cited five years ago by City and State magazine for setting "the standard for municipal distress in the 1990s" now has a budget surplus of $118.5 million...
Scientists note that something funny seems to be going on. Until recently, El Ninos came more or less periodically every two to seven years. But in the early 1990s several El Ninos appeared in a row, one right after another. Now, after dying down in 1995 and '96, El Nino is back. What is going on? scientists wonder. Are frequent El Ninos a signal of global warming caused by human tampering with the atmosphere? Or do they arise from random fluctuations in the natural cycle? There are as yet no good answers to these questions. Observes Michael Glantz...
...seemed that 1990s America was growing as disillusioned with divorce as 1960s America had grown with marriage. As the backlash against divorce progressed, state legislatures across the country, in an as yet unsuccessful attempt to reduce what was still the world's highest divorce rate, called for a rollback of no-fault divorce laws and even for premarital waiting periods. Last week, in a melodramatic flourish, a North Carolina jury added to the simmering debate by taking the side of an abandoned wife, ordering the "other woman" to pay her $1 million (see following story). Though the decision was based...