Word: boom
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Dates: during 1990-1999
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...promising to clean up the constabulary, Mexico City's first-ever elected mayor, Cuauhtemoc Cardenas Solorzano of the left-center Democratic Revolution Party, had to dump his newly appointed investigative police chief because of his alleged ties to drug trafficking and torture. Police are suspected of heading a kidnapping boom that has grown into a billion-dollar ransom industry. Americans are by no means exempt. On Dec. 15, Peter John Zarate, 40, a real estate executive and father of four living in Mexico City, was shot and killed by taxi pirates in the posh Polanco neighborhood. Just days before, another...
...Digital Revolution is accompanied by ways to ensure that everyone has the chance to participate, then it could spark an unprecedented millennial boom, global in scope but empowering to each individual, marked not only by economic growth but also by a spread of knowledge and freedom and true community. That's a daunting task. But it shouldn't be much harder than figuring out how to etch more than 7 million transistors on a sliver of silicon...
...sported a $100 stock? Now it's at about $70. Click on that, new-era geeks. The stock market may be chaotic and irrational from day to day, but over longer periods it's a pretty fair measuring stick for what's coming. The message here is that no boom lasts forever, and the one that Grove and tech-dom have been riding this decade is ripe for some kind of interruption...
That too represents an enormous psychological change from the 1950s. In the postwar boom, there was general agreement about shoring up the New Deal institutions that promised to protect people if there were another economic earthquake. That consensus was carried into the expansion of the 1960s but then rolled back in the 1980s. "Most people may want to see welfare reformed," says Mitchell, "but a by-product of that is the widespread notion now that you're on your own. The old social contract that there will be help in bad times is disappearing...
This year's list of nominees was typically eclectic. Should we honor the Scottish embryologist Ian Wilmut and his immortal cloned sheep Dolly? What about Tiger Woods' thrilling 350-yd. drives into history? Or Alan Greenspan's steady-on-the-tiller stewardship of America's ongoing economic boom? Or--of course--the life and death of Diana, Princess of Wales...