Word: outset
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Dates: during 1980-1989
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...racquet club." The dogged Milken soon discovered that junk bonds could provide much needed capital for medium-size companies that were unable, because of their size, to issue investment-grade debt. Other firms, notably Lehman Bros., had already tried minting bonds that were high yield from the outset. But Milken was the first to build a market for the bonds by finding hungry customers among institutional money managers, who must constantly search for higher returns on their investments...
...PUBLIC. From the outset, there were few signs that the nation was breathlessly anticipating this year's campaign. Lulled into passivity by an era of peace and paper-thin prosperity, the voters never displayed much interest in confronting the largely abstract problems, from environmental hazards to the trade deficit, that could threaten America's well-being in the 1990s. When the national mood is I'm-all-right-Jack complacency, it is unrealistic to expect political leaders to play Cassandra. Even public concerns, like crime and drugs, that consistently ranked high in national polls contributed to this air of unreality...
...actors also are not strong enough to provide the momentum to carry this play for a full three hours, until what had been challenging and shocking at the outset is no longer even interesting. But despite its potential for inaccessibility, Bent deserves to be seen for its story, which is as urgent now as it would have been 50 years...
...outset of the new court term, all eyes are focused on the pivotal figure of Justice Anthony Kennedy. Nominated by President Reagan last year, Kennedy, 52, could be the man who finally tips the scales to the right. "Can Justice Kennedy be the answer to conservatives' prayers?" asks Patrick McGuigan of the Free Congress Research and Education Foundation. "All the early data are good." Indeed, in 13 cases last term in which the court split 5 to 4, Kennedy voted with a conservative majority eight times, including the stunning decision to reconsider Runyon. Says University of Virginia government professor David...
...Challenger explosion confirmed what some critics had been saying from the outset: the U.S. had grievously miscalculated in putting all its space eggs into the shuttle basket. The Pentagon, long suspicious of the shuttle's reliability, wrangled appropriations from Congress to build eleven Titan 34-D rockets for military missions. The nation's scientists, for their part, despaired as the eagerly awaited shuttle launch of the Hubble space telescope, which could revolutionize astronomy by extending our view to the edges of the universe, fell years behind schedule. Crucial deadlines were missed for shuttle launches of the planetary probes Magellan, designed...