Word: eras
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Dates: during 1980-1989
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Kind words. Gentle words. Nothing flashy or particularly memorable. Just good, plain talk from the heart. And a departure: if George Bush signaled anything by proclaiming a "new breeze," it was a new altruism, a move away from the Reagan era's tacit approval of selfishness, an end to the glorification of greed. "Use power to help people," said the 41st President. "We are not the sum of our possessions . . . We cannot hope only to leave our children a bigger car, a bigger bank account. We must hope to give them a sense of what it means...
...that he has been an effective President -- is going to require an even more disciplined devotion to competence over ideology. For although Bush has said, "We're coming in to build on the proud accomplishments of the past, ((not)) to correct ((its)) ills," a failure to redress the Reagan era's greatest ill could consign this President to political oblivion. Ironically, given his insistence that the key lesson to be learned from Reagan is that a successful President takes "a principled position and stays with it," Bush's own success may depend on yet another 180 degrees turn...
...George Bush took the oath of office last week, another, less heralded transition was quietly taking place in news bureaus throughout the capital. ABC News correspondent Sam Donaldson, who became the embodiment of the White House press corps during the Reagan era, stepped aside after twelve years on the beat to co-anchor a new ABC prime-time news hour due later this year. The Washington Post's Lou Cannon, who started covering Reagan in his early days in California, began a leave of absence to write a book about the Reagan presidency...
When George Bush became President last week, he inherited that mountainous load, along with a 74-month economic boom, the longest peacetime expansion in the modern era. Bush, who once ridiculed Reagan's policies as "voodoo economics," must now confront both sides of the Reaganomics legacy. In doing so, he will turn for economic advice to a profession that is struggling to find new ways of understanding the unprecedented boom-and-borrow cycle of the past eight years...
...Wall Street one new breed of economists looks at the same unexpected events and comes up with a rosier outlook on how the world works. In this view, the U.S. has entered an era of prosperity called the New Wave. "We are in one of the most revolutionary periods in our history," says Sam Nakagama, chairman of Nakagama & Wallace, an economic consulting firm in Manhattan. Nakagama and other New Wave advocates say the record expansion owes its strength and resilience to the openness of the U.S. economy during the past decade. With the global village linked by high-speed computers...