Word: mid-1980s
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...renewed confidence in Europe, however, a few strains of Europessimism linger. Europeans realize that in the mid-1980s their exports to the U.S. received a mighty boost from the rise in the value of the dollar, which made imports less expensive for American consumers and businesses. Now that the dollar has taken a dive, Europe's export industries are feeling pressure once again. Another concern is sluggish investment. Despite healthy earnings, many of Europe's companies are not devoting enough money to modernizing and expanding factories. Instead, firms are stashing cash in high- yielding money-market securities or buying...
Once again art was carrying the kind of meanings that abstraction could not convey, and these were picked up by a second generation of artists in the mid- 1970s, such as Rainer Fetting and Helmut Middendorf. By the mid-1980s the Neue Wilde, or new fauves, had become such a market bandwagon, so copious a fount of self-important rhetoric, that the rediscovered anguish of the postwar German soul ran some risk of joining the death of Little Nell as one of those things one could not read about without laughing...
Even the number of Iranian war victims reflects the country's political divisions. Iranian troops are split among the regular military, the fanatical Revolutionary Guards and the often ragtag volunteer corps known as the basij. During Iran's moderate phase in the mid-1980s, Tehran reduced the death toll by relying on trained professional soldiers for most of the fighting. Rafsanjani announced in 1985 that Iran intended "to achieve victory with as few casualties as possible." But last year champions of the zealous Guards gained a stronger voice in ruling circles. The Guards have scant concern for casualties and favor...
...effort put into organizing Harvard's 350th celebration this fall, perhaps the most noticeable absence was any attempt, by any official group, to take stock of the programs and hierachy of the University in the mid-1980s. Because students and alumni often regard themselves as temporary and insignificant members of an immortal institution, they assume that this generation has no business reviewing or revising the way Harvard operates. The protectors instead turned the Yard into a museum, for all to admire but for none to touch. Students, considered in the Rosovsky scenario as the most fleeting and least vital operatives...
...mid-1980s, the era of cash-and-carry megadeals had wound down as oil prices declined and the oil sheiks became more sophisticated about arms transactions. By then they had reviewed thousands of arms proposals themselves and had sent their sons off to the U.S. to earn M.B.A.s. Khashoggi was no longer essential...