Word: mid-1980s
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Chicago's school-reform movement has been gaining momentum for more than a decade. The late Mayor Harold Washington began planting the seeds of reform in the mid-1980s, but it wasn't until 1988 that the Illinois legislature passed a school-reform act that parceled authority to newly elected boards for each public school and granted them power to hire and fire principals. Even that reform movement didn't gain significant traction until 1995, when state Republicans turned control over to Daley. "Everybody knew things had to change, but they felt powerless to do anything about it," Daley says...
...charges are alarming: by way of an unnamed Chinese-American scientist working at the Los Alamos National Laboratory, in the mid-1980s, China stole sophisticated nuclear weapons know-how to replicate America's W-88 warhead, a miracle of miniaturized firepower. Last week the New York Times, elaborating on a January story in the Wall Street Journal, reported the security breach was being soft-pedaled by an Administration intent on warming to China. "We know the Chinese, through espionage, got information about the W-88 from Los Alamos," a White House official told TIME. "But we still don't know...
Having worked with the Fed's Paul Volker and Treasury's Don Regan in the mid-1980s, I am in a unique position to recognize the extraordinary job that your Committee to Save the World has done. They are the strongest economic team we've ever had. But recognition must also be given to the many professional career people at the Treasury and the Federal Reserve, without whose expertise and tireless efforts the current situation might not have been achieved...
Ironically, it's the notion of surprise. The market now values accelerating growth over consistent growth. Starting in the mid-1980s, investors became wary of U.S. industrial and cyclical companies like U.S. Steel and Phelps Dodge, which faced withering competition from abroad. At the same time though, U.S. household brands like Gillette and Nike held sway at home and won new markets abroad. No matter how tough the Japanese competed, you never wore Mitsubishi sneakers or shaved with Sumitomo blades. The top U.S. consumer brands showed consistent growth year after year...
Today few reputable authorities are willing even to surmise how many people are homeless. But many researchers believe the problem is no less acute than it was in the mid-1980s. The U.S. Conference of Mayors, which publishes an annual survey on hunger and homelessness in 30 cities, says demand for emergency shelter has increased every year since the survey began in 1985, including an 11% jump in 1998. The number of people counted in Boston's annual one-night homeless census rose 40% between 1988 and 1996. Minnesota's nightly shelter population quadrupled between...