Word: 90s
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Dates: during 1990-1999
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...fashion industry, never a business that espouses moderation, has re-embraced fur with a vengeance. Fur, always a cyclical business, had its best years in the mid-'80s but in the early '90s was hit hard by a combination of warm winters, a recession, a luxury tax and a vehement and well-orchestrated anti-fur movement, all of which drove home the message that fur was a distasteful and excessive luxury. But as with most things in fashion, the trend faded. In 1985, 45 designers were using fur. This year that figure is closer to 200. Giorgio Armani, Badgley Mischka...
Beyond that, we have just begun to unwind a decade of indifference to risk. Since the early '90s, investors have been migrating to riskier assets like high-flying stocks and emerging-market securities in search of higher returns--leaving bonds and bank certificates of deposit behind. Now the inherent risk behind those high returns is becoming obvious, and the trend is reversing. This is the so-called flight to safety that you've heard about, and it's occurring at all levels--from fund investors who find they aren't so comfortable having everything they're worth tied...
Grandeur is not a word you would think you would need in discussing the art of the late '90s in America, amid its tinkle of postmodernist styles and the chitchat of a depleted conceptualism. But in the presence of these new Serras, you have no choice but to use it--and to be glad that there's someone to whose work it can honestly apply...
...trace of the idealistic spirit that fueled the hippie music scene of the 1960s has survived into the skeptical '90s, one place to look for it might be southern Vermont, a region that has produced millionaire ice-cream philanthropists Ben and Jerry, a socialist mayor and, most interesting, the rock band Phish. Launched by guitarist Trey Anastasio and three buddies in a University of Vermont dorm room in 1983, Phish has built a hugely successful career as an underground band around the quaint notion that music can be used for building a sense of community, not just making money...
...choke team of the '90s mounts historic comeback in taking two back from the Padres, but falls short once again...