Word: shifting
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Dates: during 1990-1999
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...seeing a reverse tectonic shift. The digital revolution is starting to decentralize power and production, which permits more garage-based entrepreneurs and small businesses. It is also creating more tailored and personalized products, ranging from jeans and shoes shaped just for you to steel and widgets crafted for specific purposes. This is especially true in the information and entertainment industries: enterprising producers can make and distribute their own news, music, videos, recipe tips and political opinions; meanwhile, consumers can tap into (and sometimes even personally tailor) an exploding array of websites, information sources, entertainment options, cable channels and opinion outlets...
Both plans invest mostly in stocks in the early years and slowly shift into bonds and money markets as your student nears college age. You get no say in this allocation. The impact of tax deferral is big. TIAA-CREF estimates that someone in the 28% tax bracket saving $5,000 a year and mimicking its investments in a taxable account could expect to accumulate $167,000 in 18 years. Deferring taxes and then paying them at 15% brings the total to $190,000. The state deduction, for those who qualify, pushes the nest...
NARCO CHIC Fashion is nothing if not aspirational. Slip on a black shift dress--look like Audrey Hepburn! Or don a shirt with images of AK-47s and feel like a Latin American drug trafficker! This is the fantasy being played out by clean-cut men in Mexico who are making popular a dope-inspired high style. After all, it's not a crime to wear a loud shirt in public...
...same year, Henry Ford shocked the world with what probably stands as his greatest contribution ever: the $5-a-day minimum-wage scheme. The average wage in the auto industry then was $2.34 for a 9-hr. shift. Ford not only doubled that, he also shaved an hour off the workday. In those years it was unthinkable that a guy could be paid that much for doing something that didn't involve an awful lot of training or education. The Wall Street Journal called the plan "an economic crime," and critics everywhere heaped "Fordism" with equal scorn...
...automobile. But just as Ford and his cars revolutionized America and its industrial model, Walton's extraordinary pursuit of discounting revolutionized the country and its service economy. Walton didn't merely alter the way much of America shopped; he changed the philosophy of much of American business, instigating the shift of power from manufacturer to consumer that has become prevalent in industry after industry...