Word: endless
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Dates: during 1990-1999
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Potentially more worrisome is a different kind of credit contraction, a cyclical one. In the gaga '80s, lenders used practically every debt instrument imaginable. Junk bonds were issued in an almost endless variety of complex forms. The consumer got into the act as well. Home-equity loans and lines of credit, which are basically latter-day relatives of the second mortgages that led to so many foreclosures in the 1930s, rose from $20 billion in 1985 to $75 billion in 1988. At the same time, creditors lengthened maturities. The average auto loan is now payable over 48 months, up from...
McDonald's has built restaurants from Seattle to Singapore, but completing the first of 20 planned outlets in the Soviet Union was a triumph over the country's endless red tape and ancient infrastructure. A joint venture of the Canadian subsidiary of McDonald's and the Moscow city council, the $50 million project fell through several times before it was finally signed in April 1988. Says George Cohon, president of McDonalds Restaurants of Canada: "When I had that first cheeseburger off the grill, I thought, 'This place is really going to open...
...says, 'I'm feminine, don't you forget it. I'll dress as a woman, but at the same time, I'm as good as a man.' She's like Elizabeth: 'I've got the heart and stomach of a king!' She's old style, with courtiers and endless speculation about her favorites. Look at that photograph of her with her Cabinet -- it says it all: she is the queen, among her dinner-jacketed knights. I think the fact that she has no woman in the Cabinet is extremely significant. Another woman would spoil the picture...