Word: digitized
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Dates: during 1980-1989
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...breed of thrift operator. In came highflyers like Keating who shifted their depositors' money (now insured for $100,000 instead of $40,000) from unexciting residential mortgages to potentially more lucrative but indisputably riskier shopping malls, resort developments, energy-generating windmills. The new breed awarded themselves seven-digit salaries, private jets, hunting preserves and yachts on which to entertain members of Congress. Keating and his associates took $21 million from Lincoln even as it was heading into receivership. Named head of the Office of Thrift Supervision in August, Wall now directs the agency established to solve the problems Garn...
...prepared to coast into city hall on the euphoria of his primary win. He glad-handed his way through the general election, underestimating the potent challenge Giuliani was mounting under the tutelage of media meister Roger Ailes. In the closing weeks of the race, Giuliani nearly overcame Dinkins' double-digit lead in the polls. Giuliani launched a subtle appeal to the fears of white voters and exploited widespread disgust with the corruption that plagued Koch's final term by raising troubling questions about Dinkins' monumentally sloppy handling of his personal finances, including failure to file income tax forms for four...
...Governor's political pain has been no less acute. After years of phenomenal double-digit growth, the Massachusetts economy had at last slowed down. In June, Dukakis was forced to raise temporarily state income taxes by 15% to meet $700 million in last year's unpaid bills. Last week, scarcely four months into the current budget, the deficit had already soared to $730 million, far more than anyone imagined possible. As revenues sagged with no matching reductions in the state's ambitious outlays, deficits rose and credit , ratings withered. The financial ranking of once proud Massachusetts dropped to 49th among...
...case with the market, the American imagination counted its chickens in the Bay area before they cracked. Original estimates of "quake dead" (as the New York Times called them) had to be downgraded from 270 to 59. The three-digit figure was appealing to the media, but alas, not true...
...palatial Winthrop House suite and reflected on my own two-digit lottery number," Larew quipped, "I realized that I would like nothing better than to have all freshmen sent to the Quad...