Word: bustingly
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Dates: during 1990-1999
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Instead all we've heard is howling. Last week MCI Communications was baying at Wall Street, explaining that it will lose $800 million this year trying to bust into local phone service with nothing to show for it. MCI blamed its loss on the intransigence of Baby Bell operating companies in complying with the law. Baby Bells such as BellSouth have been wailing that regulators won't let them into long-distance markets and that the long-distance companies don't want to compete anyway...
...Tell me about it," says Lillian E., a retired city employee who heard the same hustle when the casinos came to town 20 years ago. Today, Bryant's neighborhood is the last stable, middle-class, mostly black area in all of boom-or-bust Atlantic City. Bryant says she's not against new casinos, she's against uprooting good neighborhoods so outsiders can pretend they're in Shangri-La. "Steve Wynn must have something good on these people. The state is bickering about having to pay $200 million for public education by an order of the Supreme Court, but they...
Like the modern jazzmen who were his contemporaries, he helped define cool for postwar America. He had hoboed across the country as a teenager, got into movies taking anonymous horse falls and survived a setup drug bust (he described jail as "just like Palm Springs without the riffraff"). Stardom, he implied, was just another of life's little absurdities to be sardonically observed and fatalistically played out. As the best of his screen characters did. There's a marvelously stunned stoicism in his confrontation with the inner furies that haunt him in Pursued. And when he turned to outright psychopathy...
What makes today's economy one for the books, TIME's panelists say, is its rare combination of tireless growth and stable prices. The 1960s and '80s went from boom to bust when the Federal Reserve jacked up interest rates to keep prices from getting out of hand. But these days, inflation is barely on the radar screen, even though the unemployment rate has fallen to 4.9%, a level not seen since Richard Nixon was President. That astonishes Princeton economist Alan Blinder, a former Fed vice chairman. If he had bet on such results four years ago, Blinder notes...
Recall that the old AT&T, the regulated monopoly known as Ma Bell, was busted into eight pieces in 1984. AT&T was granted the long-distance franchise, and seven Baby Bells were created to run local phone services around the country. Weakening Ma Bell's muscle made it possible for others to build competing services. But it left some 3 million AT&T shareholders vulnerable. Suddenly gone was a quintessential widow's and orphan's stock. In its place was a smattering of shares of eight different companies, all entering a brave new telecom world that promised upheaval...