Word: 90s
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Hyundai fought its way back from the brink with a combination of Korean determination and American ingenuity. As labor woes subsided in the '90s, the company's managers started plowing money into manufacturing technology. Hyundai invested in design centers in California, Michigan, Germany and Japan. And, like other big automakers, Hyundai began to integrate its suppliers into the manufacturing process, which drove down costs--and mistakes. Last year Hyundai Motor all but cut ties to its eponymic parent, Korea's largest industrial conglomerate, which like many of its counterparts is mired in a web of debt and bad investments...
...growing out at a wacky angle. Just above the tree is the farmhouse, which, with its angled porch roof, looks like the profile of a silly face staring in surprise down its triangular nose at the tree. Most recently, after a move out of San Francisco in the mid-'90s, Thiebaud embarked on a series of brightly colored, sharply divided, wildly patterned landscapes of the Sacramento River delta, seen from way up, as though from a plane--for example, River and Farms...
...telling investors in 1999 that Amazon.com stock was worth $50 three weeks before it hit $400, Cohen has been vindicated by the current bear market for tech stocks. As the top tech analyst at Merrill Lynch, he was one of the few who preached moderation in the late '90s, and eventually left, to be replaced by superbull Henry Blodget. Today Cohen, 36, is moving on to money managing at a technology hedge fund, JHC Capital Partners...
...analysts is not. During the dot-com gold rush, a lot of investors bet a lot of money on analysts whose opinions turned out to be rubbish. Now we're in the head-shaking phase, where everyone's gotten wise and the hidden-agenda company analysts of the late '90s are down in financial history with snake-oil salesmen. Should anyone have been too surprised...
...world of neo-psychedelica, Japanese style. Whether the kids realize it or not, their culture is flashing back to the era of free love, shaggy hair and peace, brother. Whereas speed was the drug of choice for legions of hardworking overachievers in the go-go '80s and early '90s, the current generation is increasingly opting to space out through 'shrooms rather than get wired and tuned in with shabu. With vendors selling the dried fungi in head shops, street-corner stands and even over the Internet, scoring mushrooms has become as easy as buying a pack of incense or some...