Word: 80s
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Dates: during 2000-2009
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...soon - is now greater. Monetary policy is such a potent tool these days because of the record level of household debt and the cost to service it: $1 out of every $10.75 in disposable income is eaten up by interest payments. That's higher than in the late '80s when home mortgage rates were 17%, compared to around 7% nowadays. If rates rise, it doesn't necessarily mean that people will default on their loans or be forced to sell their homes cheaply, according to the central bank chief - as long as they hold on to their jobs. But households...
...happening in China. Tim Clissold, the author and, in this case, the dutiful assistant, is in the midst of a grand tour of China with his new boss, known by the pseudonym Pat in the book, but in real life a fellow named Jack Perkowski, who in the roaring '80s had risen to become head of investment banking at Paine Webber. Theirs is not a sight-seeing tour. They are looking for places to invest millions of dollars that Pat intends to raise back home on Wall Street. They see more than 100 factories. They crisscross China, going to plant...
...living proof of how, as fellow L.A.-based pop rockers The Buggles said so famously, “video killed the radio star.” MTV’s mass distribution of the hard rock quintet’s trashy and over-sexed videos in the mid-80s gave Mötley Crüe a distinguishable face in a genre saturated in repetitive riffs, hair spray and waterproof mascara: Tommy Lee’s gigantic penis...
...Sayyaf uses it as a refuge from the law; the group's traditional base is the island of Basilan to the north. The M.N.L.F. was actually born on Jolo in the late-1960s, from which it spread its call for an independent Muslim Mindanao. In the 1970s and '80s, at least 100,000 people were killed in that insurgency through much of the south. In 1996, M.N.L.F. leader Nur Misuari signed a peace deal with the government: Misuari became governor of most of the south and the group disarmed. (A splinter group, the Moro Islamic Liberation Front (M.I.L.F.) continued fighting...
...register about the virtues of nudity. The bad translations (and the frequent intrusion of a gruff gravelly-voiced “rapper”) can’t help but bring to mind the debt the band owes to Björk’s Icelandic ’80s band the Sugarcubes, for both groups’ consciousness of (and commitment to) the fact that their translations might not translate so well into English. But Total is all synth, bips, beeps, and Euro-kitsch nostalgia like the faux-Gainsbourg “Orange Mécanique...