Word: go-go
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...complex and ambitious piece. The considerable action unfolds on the company's marvelous set resplendant with giant records, neon beer signs, and flashing lights. The set remarkably resembles a seedy lounge; it is the only truly recognizable aspect of the production. The surrealistically awful tale focuses on go-go girl Chrissy's growing instability, and the insensitive cretins there to witness...
Donald Trump is not alone in his misery. Hapless borrowers, crushed by debts they assumed during the go-go 1980s, have made the term "cash crunch" a byword of the '90s. The average U.S. company is so loaded down with loans that it must spend fully 50% of its pretax earnings on interest payments, vs. 32% in 1980. "The major issue facing the nation is that people and companies can't live off debt indefinitely," says Louis Masotti, a professor at the Stanford and Northwestern business schools...
Richardson's indignation, if not his blunt tactics, are widely shared. Beset by tough new regulations and saddled with hastily made loans that went sour in the go-go '80s, many lenders are reluctant to grant credit even to borrowers who present few risks. While the squeeze has so far been greatest in New England and neighboring states, economists are worried that it could swiftly spread. In a report issued two weeks ago, the Federal Reserve Board noted that 80% of the U.S. banks it surveyed said they had tightened their standards on loans for office buildings...
...Soviet Union was in the midst of disempowering the Communist Party. Germany was hurtling toward unification. Nelson Mandela was transforming the future of South Africa, and Drexel Burnham Lambert was pronouncing obsequies over the go-go greed of the '80s. But the connubial bust-up of the billionaire New Yorkers was the talk of the town. For that matter, of practically every town. Their story made the network newscasts and countless columns across the U.S., and once the split became a fait accompli, gossipists gleefully predicted that ramifications -- from a rowdy settlement battle to the wooing...
Want a job? Try once down-and-out places like Houston, Salt Lake City and Gary, where newspapers are thick with help-wanted ads. But shun former go-go hot spots such as Boston, Phoenix and Atlanta, where 1980s-style booms in everything from computers to construction have suddenly gone bust...