Word: 90s
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Dates: during 1990-1999
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...into actively managed funds. It has been amply rewarded. "Measured against where all the money was 10 years ago--in banks--they've done great," says Robert Schmidt, president of Individual Investor Group, a financial-magazine publisher. He's right. Even bottom-tier funds in the '80s and '90s have been good enough to embarrass bank CDs, the likely repository for savings that aren't in stocks. Still, people left CDs for a reason. Having correctly made that tough decision years ago, they should not be grateful now for lackluster results. Even though their money on the whole has more...
...member Color Marketing Group, the Virginia-based color cartel that has held a largely unknowing public under its sway for more than 30 years. It was the CMG that forecast avocado refrigerators in the late '60s and mauve motel rooms in the '70s and hunter-green automobiles in the '90s. And it was the CMG that predicted the 1996 consumer palette would be, in the words of former president Laraine Turner, "kissed by the yellow...
Back too is the lush, year-end holiday party but with a '90s twist: quiet consumption, meaning that the posh hotels and clubs swell with revelers, the Cristal champagne ($190 a bottle) still flows, but gone are the ostentatious soirees of yore. Not unlike a Jil Sander suit: it's sleek, simple and elegant, but it still costs about...
...broker, has no trouble selling eight-room apartments at an average price of $1,170,000, vs. $889,000 last year, many to Wall Street types, who typically pay 100% cash. Chairperson Barbara Corcoran sees only one difference from the '80s: "Then everybody bought with reckless abandon. In the '90s they put on a show of caution--and then they buy with reckless abandon...
...opening, Rent would have hit like a thunderclap. A rock update of La Boheme set in the age of AIDS, it brimmed with energy, lyric intelligence and streetwise spirit. If not quite another Hair (more memorable melodies would have helped), Rent brought the old-fashioned musical resoundingly into the '90s. Then it moved to Broadway, won Tonys and...(see below...