Word: boom
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Dates: during 1990-1999
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Drexel's outcast employees have company in their misery. The firm's crack-up comes amid a flurry of reversals for the highflyers who symbolized the boom time. Last month Peter Cohen stepped down as chairman of Shearson Lehman Hutton, the firm he had built into a Wall Street giant that ranked second only to Merrill Lynch. Like so much that flourished during the hothouse decade, Shearson simply grew too fast. Beset by falling revenues, failing deals and internal disputes, Cohen was forced out by James Robinson III, the chairman of American Express, Shearson's parent company...
...issue is not that simple. Though no one expects any drastic change in the program, Moynihan's proposal has focused attention on one of Washington's dirty little secrets. Rather than dealing honestly with the budgetary gap, the Government is once again borrowing against the future. When the baby-boom generation begins to retire about 20 years from now, the IOUs will have to be paid back through sharply higher taxes or still more borrowing...
...Fort Lauderdale the racket from a boom car is illegal if it can be heard beyond 50 ft. from the vehicle. In California a similar law went into effect Jan. 1. Car-stereo merchants seem to think customers will have just as much fun without pumping the volume to law-breaking -- not to mention earsplitting -- levels. Remarks Stephen Seidl of Fort Lauderdale's Speaker Warehouse: "We advise our clients not to abuse the power...
...result is a compressed baby boom -- one that interrupts charts of Rumania's age groups less like the metaphorical pig in a python of the U.S. baby boom but rather more like a giraffe in a python. In 1972 Rumania had twice as many children in kindergarten as the year before. In 1989 twice as many 22-year-olds were flooding into the labor force. But Ceausescu was unable to create jobs in the late 1980s as rapidly as mothers created babies in the late 1960s. Revolutions are carried on the backs of the young, and the sudden increase...
Bucharest must still find a way to adjust to the social and economic dislocations brought about by Ceausescu's baby boom. Among the first will be an "echo boom" of children born in the next few years to mothers who were born in the late 1960s. For Rumanians, the aftershocks of State Decree No. 770 will be felt a long time after...