Word: glassed
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Dates: during 1990-1999
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There is however, a rational behind revoking Glass-Steagall. The Act weakened American banks vis vis foreign financial institutions, which, unrestricted by Glass-Steagall, were often able to out-muscle American banks. This explanation holds little water. Considering the fact that our economy is currently the motor powering the world's finances, America's financial status while Glass-Steagall was active was hardly in jeopardy. The real reason behind the end of Glass-Steagall is the government's current emphasis on a strong national economy...
There may not be many reasons to feel sorry for the United Nations--its marble-and-glass headquarters, after all, have occupied prime Manhattan real estate free of charge for nearly 50 years--but nothing justifies the degree of sheer pitilessness that the U.N.'s biggest, richest and most important member has shown toward the world body since the mid-'80s. That's when the U.S. decided to cut back on paying its U.N. dues, got serious about slashing the organization's bloat, held funding for the U.N. hostage to abortion politics and allowed the U.S. to begin accumulating well...
Inconsistent? Absolutely, and deliberately so. "We're a family store," says Wal-Mart CEO David Glass, and "we try to have something for everyone." And just as in real families, there is conflict about who gets what. Last week the company was pinned by a consumer who demanded that a World Wrestling Federation action doll be yanked from the shelves because both the wrestler it depicted, Al Snow, and the doll carry a prop that looks like a woman's severed head...
...much so: its pharmacies don't stock every drug available; Preven was going to be a small seller, customers were not clamoring for it, and the item was pricey ($25). "You can't carry everything. Sometimes you get credit for making a moral judgment when you're not," says Glass. Similarly, when Glass pulled handguns from the shelves in 1994, the company cited sales more than ethics, although he notes that by then there were more negatives in stocking handguns than positives...
...Glass is certain that some of the books, videos and other products in the stores he would personally find offensive. He just doesn't know what they are. "When you have 100,000 unique SKUs," he says, using the retailer's term for an item--a stock keeping unit--"something is going to irritate somebody...