Word: mania
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Dates: during 1980-1989
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...States today, the richest one percent of the population now owns over half the wealth in this country and the richest 10 percent owns over 80 percent of the wealth (excluding home ownership). The gap between the rich and the poor is growing wider. Further, with the recent "merger mania" and the incredible growth of huge, multinational corporations, a handful of corporate executives now exercise unprecedented power over the economic life of the nation...
...free society to function effectively, people need full access to information. As part of the recent "merger mania," the ownership of the mass media in the United States has been concentrated to an alarming degree in the hands of fewer and fewer large corporation. Independent newspapers and magazines have been bought out by major chains, and the radio and television networks are controlled by such powerful companies as General Electric (which now owns...
Besides boosting products ranging from S.C. Johnson's best-selling OFF! to New Hampshire-made Ben's 100 lotion, the mania has also encouraged new entries. Florida-based Eclipse Laboratories seized upon the potential profits by introducing Tick Garde. The bug spray contains DEET, or diethylmetatoluamide, the same active ingredient found in many standard repellents, but the product's name appeals directly to the latest fears. The 6-oz. blue-and-white-colored cans cost $7.95, almost double the price of other sprays; yet in just a little over three months consumers have snapped up more than...
...crash. The market has reacted with near hysteria to the possibility of takeovers, first in the communications industry in response to the Time-Warner deal and now in the airline business in the wake of bids for the companies that own Northwest and United Airlines. The takeover-stock mania has coincided with the return of program trading, a system in which brokerage houses use computers to buy and sell giant blocks of stock to reap quick profits from disparities in price between the equities and futures markets. Restrictions on program trading were imposed after the crash to limit the market...
...year ago, in the heat of an August summer, Democrats were trying to solve the "Jesse problem." Overlooked for the vice-presidential nomination, Jesse Jackson continued to use the campaign as a rallying point for his cause: a cause some would call social/political reform, and others would call ego-mania...