Word: boom
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Dates: during 1990-1999
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...order to recoup some of the skyrocketing costs of erecting new labs and technical libraries, schools have become increasingly aggressive about billing Washington for overhead. It is no accident that Stanford's indirect-cost rate jumped 16% from 1982 to 1990, a period that coincided with a building boom on the campus. At some schools, reimbursements for overhead have come to account for alarming chunks of the budget. In fiscal 1990, Stanford relied on federal overhead to make up 22% of its operating funds. "They're hooked," says Middlebury's Light. "They've become dependent on the research money...
...slick idea packagers in American life have been conservatives who view taxes with the horror that Carry Nation once reserved for saloons. Harvard political economist Robert Reich is the rare exception, a glib and unrepentant liberal who has become -- almost by default -- the John Kenneth Galbraith of the baby- boom generation. The publication of Reich's new economic synthesis, The Work of Nations, comes in the midst of a Republican recession with record budget and troubling trade deficits. But rather than indulging in hand wringing and partisan I-told-you-sos, Reich adopts a surprisingly upbeat, almost gee-whiz, tone...
...same time, companies have been replacing many of the stars who led them during the boom years with more conservative managers. Says Paul Ray Jr., an executive recruiter: "Instead of doing deals, now the emphasis is on cost control." On Wall Street during the past two years, more than 60,000 jobs have been lost as merger mania ended and the bull market stalled. Largely as a result, big accounting and law firms that served the merger makers have slashed their partnership rolls. Last month the accounting firm Peat Marwick abruptly dismissed 300 of its 1,875 partners, protecting profits...
...defiance was, to an unprecedented degree and in unprecedented ways, seen and heard round the world. Even when deprived of video transmission, television newsmen in Baghdad could still hold microphones to their hotel windows. Audiences on every continent studied maps of the city while they listened to the boom, boom, boom of what Bush was saying to Saddam...
...fingers on the shutter release. Just then the first SCUD comes in in. The explosion rocks the hotel. The glass shakes, the balcony shudders. A plume of smoke and debris shoots up 400 feet at a site about one and a half miles west by southwest of the hotel. "Boom," another explosion, from the north. "Holy shit, holy shit," screams the photographers as autowinder race furiously. "I've got three confirmed hits," Vernon says over the phone to the Inquirer in Philadelphia. As a chopper hovers over the site, Army radio announces that the attack was conventional. I pull...