Word: mid-1980s
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Today's job market is a far cry from that available in the mid-1980s, when--at least according to legend--young graduates flocked to Wall Street or Washington D.C. to grab jobs waiting to be taken...
...modest aspirations. The real estate market was a prime example of a 1980s torture track. Americans started thinking of housing as a vehicle for getting rich, rather than as just shelter, and it became an obsession. Author Ann Beattie, a chronicler of the baby boom, fled Manhattan in the mid-1980s for Charlottesville, Va., declaring, "I could not spend the rest of my life listening to people talk about real estate. It's a constant, boring, hysterical subject...
...never more apparent than in the case of CenTrust Savings Bank of Miami. CenTrust, acquired by real estate developer David Paul in 1983 and now infamous as the S&L that spent its money on bathroom sinks made of pure gold, raised eyebrows in the regulatory community in the mid-1980s when it invested massively in junk bonds...
LOST IN YONKERS. Neil Simon elevated himself from jokester to artist in an autobiographical trilogy during the mid-1980s. He returns to themes from his youth in his 26th Broadway-bound play, now at Washington's National Theater...
Both Rome correspondents have moved out, bureau chief Robert T. Zintl to Turkey and James Wilde, who has previously covered wars in Vietnam and Africa, to Jordan. Vienna-based John Borrell, who in the mid-1980s reported extensively on the conflict in Lebanon, is in Syria, while stringer Aileen Keating is on duty at the important listening post of Bahrain. The four-member Jerusalem staff is on full alert. Washington's David Aikman, who has been monitoring diplomatic angles in several nations, will be holding the fort in Cairo. His Washington colleague Dick Thompson and photographers Dennis Brack and Kenneth...