Word: 80s
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Dates: during 1990-1999
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...this year at least 1,500 Wall Street hotshots will earn $1 million or more in the year-end bonus bonanza. Says Alan Johnson, a New York compensation consultant: "This is the best year ever in terms of pay, probably 30% higher than the high point of the '80s." In the first nine months of 1996, any number of Wall Street firms had already earned considerably more than they did in all of 1995. In addition to brokering stocks, investment firms are benefiting from underwriting fees on a record number of initial public offerings, fees for handling mergers and acquisitions...
Does this mean the red suspenders, Masters of the Universe days of the '80s are back? Not quite, say most Wall Streeters. There may be even more money now, but it actually has to be earned: no more quick fortunes peddling junk bonds. And no money just for showing up. Bonuses now are tied to profits, not revenues, and are spread around more widely. Goldman Sachs, for instance, is giving even its support staff bonuses equal to 25% of their base pay. Says a senior executive at Lehman Brothers: "Since the '87 crash, people making money are suspicious about...
...Chungking Express By the time Americans finally catch up with Hong Kong cinema--since the mid-'80s the world's most turbulent and entertaining--it may have been suffocated by the censorious new lords from the mainland. So Wong Kar-wai's kicky art movie about two cops on the night shift not only is as mod as tomorrow's couture, it also serves as a nostalgia trip through what has been Asia's freest colony. Here are a cool killer-drug queen (veteran stunner Brigitte Lin) and an indefatigable ingenue (pop pixie Faye Wang) exercising their wiles on lovelorn...
...genre, is sounding a bit cranky and old as it turns up in car commercials, movie sound tracks and award shows--not a good thing for a form supposedly powered by energy and youth and anger. The music started out as an antidote to the processed pop of the '80s; instead of sex and spandex, alternative rock was supposed to be about passion and honesty, about taking the focus off performers' gluteal muscles and putting it back on the music...
...library renovations will also facilitate student cooperation on assignments, a Business School trend which has grown considerably since the late '80s...