Word: accountability
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Dates: during 1980-1989
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...fellow Virginians to provide direction. In the absence of Jefferson, the state's intellectual leadership inevitably came from "Jemmy" Madison, who was to become "the Father of the Constitution." He was shy and soft-spoken, a slender bachelor about 5 ft. 6 in. tall, and, according to one account, "no bigger than a half a piece of soap." His father was a wealthy landowner (and slaveholder), and Madison never had to work for a living. He studied philosophy at the College of New Jersey (now Princeton), became an early supporter of the Revolution, helped write the Virginia constitution...
...love it and I hate it! Take the airlines. I can get a great bargain fare to Miami, but you can be sure my flight will be delayed for two hours because of air-traffic congestion. As for the bank, it now gives me interest on my checking account, which is nice, but then sticks me with a $5 fee every time I drop below my minimum balance. Our family's long-distance bill has gone down, but somehow the total phone charges have gone way up. And look at the trucking business: the bill was only $500 when...
BANKS. Until deregulation gave them relief in 1980, banks and thrift institutions were rapidly losing business to competitors ranging from Sears to Merrill Lynch, whose money-market funds could legally offer much higher yields than the 5 1/4% maximum savings-account rate. But the Depository Institutions Deregulation and Monetary Control Act gradually abolished limits on interest, enabling banks and thrifts to offer lucrative accounts like Super NOW checking. The new law was a boon for savers, since it touched off interest- rate wars among financial institutions competing for consumer deposits...
...marriages, unisex bathrooms and female combat duty, went to its death, just three states shy of the 38 needed for ratification. Yet the ERA's 24 key words -- "Equality of rights under the law shall not be denied or abridged by the United States or by any state on account of sex" -- simply refuse to go away. Fifty-one Senators are now cosponsoring an effort to launch the amendment again, and the National Organization for Women has begun a bicentennial drive to revive...
Nevertheless, Smith took the stand to give an emotional account of the experiences that led her father, a soft-spoken welder at the Santa Fe railroad yards and assistant pastor of St. John's African Methodist Episcopal Church, to join the N.A.A.C.P.'s legal struggle against segregation. She described the "feelings of inferiority" suffered by her children because they attended schools that were considered "black" though large numbers of white children attended them. Her lawyers contended that many of Topeka's schools remain "racially identifiable" because of a preponderance of black or white students. They argued that schools with...