Word: lesson
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Dates: during 1980-1989
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Wolfe's main conceit is that the upper classes are especially vulnerable to prejudicial treatment if they lose their insulation. Sherman McCoy of Park Avenue and Southampton, the leading bond salesman at Pierce & Pierce, learns this harsh lesson when he is arrested for hit-and-run driving and plummets from a "Master of the Universe" to "the Great White Defendant," the dream of every ambitious $36,000-a-year assistant district attorney...
Tierney warned Bostonians about the next four years under a Democratic administration. "Boston, I hope you learned your lesson," he said. "The city is in for some hard times...
...many of Wall Street's whiz kids, Monday was their first taste of financial fear, their first hard lesson that what goes up can come tumbling down. For others, it produced a gnawing unease about not only their investments but also the health of their nation. Just as the crash of the space shuttle Challenger was a blow to America's sense of technological grace, so the crash of the market shattered its sense of financial security...
...determine an industrialized country's growth than the size of its labor force or its investments in new factories or equipment. Solow's "theoretical model had an enormous impact on economic analysis," said the academy's statement. In the years since then, governments around the world have taken his lesson to heart. The revolution in jet aviation and the computers of Silicon Valley can be directly linked to government policies that steered money into technological research and development. "I am delighted," commented 1973 Economics Laureate Wassily Leontief. "He represents the best of our profession...
...portion of the Queen's lands. But my trip was not a complete failure. I was able to buy a watch with a picture of Big Ben on it and one of those furry hats English guards wear. And, more than that, I think I learned a valuable lesson...