Word: pendulum
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Dates: during 1990-1999
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Some administrators see a cyclical pattern in the movement to rein in fraternities and sororities. "There is a need for college presidents to get hold of their institutions again," says Dale Nitzschke, president of Marshall University. "The pendulum in the '60s and '70s was swinging away from in loco parentis. Now we're moving more to the middle." Many of today's students actually seem to yearn for a firmer hand. Says Samantha Gladish, 21, president of the Panhellenic Council at Bucknell: "We need someone to guide and help...
Item: Umberto Eco's gnomic, daunting Foucault's Pendulum, published in the fall, got off to a fast start with 278,161 sales...
...financial conditions, trade tension with the U.S. and political weakness at the top has sent Tokyo's financial markets into a funk. The slide is threatening to choke the country's economic growth and sap the ebullient confidence that has filled Japanese investors and businessmen in recent years. "The pendulum has once again swung in Japan," says Richard Koo, a senior economist at the Nomura Research Institute. "It's now over to the doom-and-gloom side, when objectively speaking, Japanese companies remain the strongest in the world...
...little interest in enacting new laws to curb financial markets, even after the 1987 crash. The real lesson of the fall of the most money-mad firm of a money-mad decade is that in any free market, a heedless competitor can lead virtually the whole industry astray. The pendulum is swinging back now, but the impact of the debt that Drexel's junk bonds loaded on corporate America will not vanish as swiftly as the perpetrator...