Word: america
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Dates: during 1990-1999
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...time of greatest danger and needs for youth in Kennett, as in other communities across America, is between the hours of 3 and 6 p.m.," says Denise, a former dean of students at a college-preparatory school in Los Angeles. Joined by Denise's husband John, Newton and Wood launched plans for an after-school program, to be based at the Kennett Middle School, whose population of 540 students (18% Hispanic, 7% African American, 2% Asian and remainder white) was a microcosm of the community itself...
Appearing in advertisements has long been something famous people do for money, but there used to be something slightly embarrassing about it. That's no longer true, and the proof is that people who now do it don't need the money. In fact, the two richest men in America have appeared in ads recently. Bill Gates has endorsed a brand of golf clubs, and Warren Buffett is pushing private jets. Peter Lynch, the investment guru, retired from Fidelity years ago but is back starring in commercials for the firm. Nathan Myhrvold, a Microsoft executive, also has endorsed...
...prestige in not working. The fashion is for rich people to keep working very hard. Veblen's other suggestion was "conspicuous consumption"--spending a lot. But in the 1990s many folks have become rich beyond the practical ability to show it off by spending. The richest man in America has built a house that supposedly cost $60 million, which is a lot. But he surely didn't do it to show off his wealth, since there are dozens or hundreds of people you and I have never even heard of who could afford a $60 million house...
...huge cash flow, was always able to offer a steady stream of dividends, and Union Camp rewarded shareholders with a greater than 4% yield before the merger. But in a stock market mad for the kind of raw growth delivered by the likes of Cisco, Intel and America Online, both Mobil and Union Camp seemed like vestiges of a capitalist era past...
DIED. DANTE FASCELL, 81, powerful South Florida Congressman and longtime Foreign Affairs Committee chairman; in Clearwater, Fla. Serving from 1955 to 1992, Fascell steered U.S. policy into hard-line stances against Cuba and Central America...