Word: eras
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Dates: during 1980-1989
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After last week's meeting in the Med, Secretary of State James Baker proclaimed, "We are moving into the post-postwar era." The postwar period began with the division of Europe after World War II; the stage of history now beginning is "post-post" insofar as that division is ending. The phrase, with its catchy double prefix, is well on its way to becoming a cliche on the op-ed pages and airwaves of the West. It helps experts who are groping for sound bites more erudite than "Wow!" as they ruminate about the astonishing pace of change in Europe...
...World War II to Europe. Then its defeat led to 44 years of postwar tension. Now events in that same nation are complicating the effort to end the division of the Continent as a whole. Because of the German question, the world is stuck in the pre- post-postwar era, which is neither a felicitous phrase nor a welcome state of affairs...
...regulations to keep out launderers. One reason is that a thriving financial industry brings jobs and income. South Florida's 100 international banks employ 3,500 workers and pump $800 million into the local economy. Even more appealing is the inflow of foreign capital. During the spend-and-borrow era of the 1980s, the gusher of flight capital into the U.S. from Latin America helped finance America's deficits. As in Hollywood, not many politicians were concerned about where the money was coming from. Alarmed by the tide, House Democrat John Bryant of Texas has long pushed for legislation...
...even the Kremlin realizes that Article 6 as now written is out of date. This provision entered the Soviet constitution only in 1977, at the height of what is now denounced as the "era of stagnation." Sakharov and other liberals have made the repeal of Article 6 a litmus test of the leadership's commitment to genuine progress. They have substantial support. The Supreme Soviet voted 198 to 173 last month to debate Article 6; only 28 abstentions kept the measure off the agenda of this week's session of the Congress of People's Deputies. Gorbachev recognizes that...
This isn't the place to argue whether Reagan-era economic policies were a net gain or loss for the country. Obviously, economic growth is good and helps everyone. And just as obviously, some distributional inequities are necessary concomitants of a vibrant capitalist economy...