Word: 80s
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Dates: during 1990-1999
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...Internet and internal networks (intranets) will produce a surge in demand for the sort of giant computers only IBM can make and maintain. The prediction evokes some scary memories at company headquarters in Armonk, New York; it's exactly the same bet the company made in the early '80s, when it wagered billions that the mainframe market was due for growth. The decision almost killed the company. Gerstner at least has stripped away the division's techno-worshipping culture and replaced it with an outlook that's more McDonald's than McDonnell Douglas. The customer focus has paid off: analysts...
QUOTE OF NOTE: "We did it in the '20s, we did it in the '60s and we did it in the '80s. We cut taxes, and it stimulated the economy...
...French, Spanish and French-speaking Acadians, and it has the strongest French cultural inheritance of any of the states. Louisianans have unfortunately also been poorer than most Americans, and have remained so--as of 1994 the state ranked 47th in median household income. Tough economic times in the mid-'80s led Louisiana to lean Democratic at the same time other Southern states were leaning Republican. More recently, however, the G.O.P. has crept back, leaving the two major parties almost evenly balanced...
From the Great Depression to the oil-price shock of 1979, Michigan more often than not voted Democrat. Though the loss of some 160,000 auto-production jobs in the early '80s gave the G.O.P. an opening--it picked up two congressional seats in 1994--Clinton beat Bush in 1992, and the Democrats are favored to hold their congressional-delegation majority this year...
North Carolina remains a symbol of the "new South," with good economic growth and low unemployment. Population influx in the '80s gave the state its first new House seat in 60 years, but racial gerrymandering--and some baiting--also make the state a political hotbed. This year all eyes are on Harvey Gantt's second attempt to replace Jesse Helms in the Senate...