Word: boom
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Dates: during 1990-1999
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Phillips places the blame for the economic troubles of the middle class on "capitalist-conservative" Republicanism of boom periods like the 1980s--when the political favoring of "speculators, rentiers and other passive investors who lived off capital, not enterprise" shut off middle class advances...
Phillips does have a lot to be proud of: Rich and Poor devastated Reagan apologists' arguments that the 1980s "boom" had improved the position of everyone, not just the rich...
...1980s boom crested, rising taxes and other costs were gobbling up much of the national income gain of the middle class, while public services and the governmental safety net were starting to deteriorate. By the end of the decade, these economic effects were producing political unrest...
...jongg parlor, he ventured into real estate in the early 1980s. By 1989 he employed 40 people, and that year he sold 100 apartments to customers who bought them as investments and tax shelters, netting $1.7 million in profits. In retrospect, he says, he should have realized that the boom was topping out, but "every month the prices continued to go up," and banks were eager to keep lending. Hoshino kept on expanding, buying golf memberships at prices up to $500,000 for his clients and employees and a house -- a luxury in apartment-filled Japan -- for his family...
Annie Leibovitz likes to shoot to music. So when the photographer began setting up in the Oval Office for a Vanity Fair portrait of the new President just after his swearing-in, she pulled out her boom box and plugged it into an outlet not far from the portrait of George Washington. Instantly a stern White House functionary informed her, "We've never had music in the Oval Office." Only the President, it was decided, could approve such a breach in decorum. "Sure," said Clinton, and Eric Clapton's album Unplugged began to fill the room. A Secret Service agent...