Word: lawness
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Dates: during 1980-1989
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...staff director of the Banking Committee in 1981, Wall drafted the industry's dream deregulation bill, the Garn-St. Germain Act. That law created a new breed of thrift operator. In came highflyers like Keating who shifted their depositors' money (now insured for $100,000 instead of $40,000) from unexciting residential mortgages to potentially more lucrative but indisputably riskier shopping malls, resort developments, energy-generating windmills. The new breed awarded themselves seven-digit salaries, private jets, hunting preserves and yachts on which to entertain members of Congress. Keating and his associates took $21 million from Lincoln even...
...Petar Mladenov, 53, which has been moving rapidly to harness the country's desire for change. For the first time ever, Bulgarians watched live television coverage of their National Assembly -- and listened to vicious denunciations of Zhivkov. After installing Mladenov as head of state, the legislature revoked the law that made it an offense to utter words "of a character to create dissatisfaction with the government." Mladenov seemed to be pushing Bulgaria further down the road to political reform when he declared that "personally, I am for free elections...
...basic to Communist dogma as "We the People" is to the U.S. Constitution. On Friday Modrow presented a 28-member Cabinet that included eleven representatives of officially sanctioned minor parties that have begun to wean themselves from Communist domination. Modrow also announced the establishment of "the rule of law," "protection from the law," and "freedom from fear." As a step toward these reforms, the government ousted the head of the dreaded Ministry of State Security, slashed the ministry's personnel by 10% and renamed the department the Office of National Security...
...latest migration began in the late 1970s, accelerating after martial law was declared in Poland in 1981. Among the 30,000 new Polonians to arrive in Chicago were cosmopolitan intellectuals who found they had little in common with their predecessors. "Polka is not a Polish dance," laughs Bozena Nowicka, who teaches Polish at Loyola University. "Pirogen is not a noble dish. Polish America is an archive for a culture that no longer exists." In June, Nowicka and 4,500 other new Polonians lined up outside the Polish consulate in Chicago to cast their votes in the historic election back home...
...competitive business into the ruthless habitat of the '80s. It is not true either, as anyone knows who has followed the fortunes of the two houses, that Sotheby's is all hustle and Christie's all starch. In fact, it was Christie's that got into trouble with the law over falsifying an auction. In 1985 David Bathurst admitted that four years earlier, when he was president of Christie's New York branch, he had reported selling two paintings that had not, in fact, found buyers at auction in New York: a Van Gogh at a supposed price...