Word: thrifts
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Dates: during 1990-1999
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...White House, this is all a galloping gift horse. Which is not to say that President Clinton is any better at the thrift thing. But this GOP majority is up against a President with a proven gift for making the Republicans look like coldhearted cowards. "Clinton's effectively raiding Social Security as well," says Dickerson. "They're both way over. But Clinton's doing it in ways like clean-water legislation and education that should be very easy for him to demagogue...
...Hampshire's Phillips Exeter Academy. Before this--except for "an hour or two a week" of what Purdy archaically calls "arithmetic"--his lessons came from random, heavy reading. He devoured everything from Hardy Boys mysteries to chunky tomes on European history. "We made pretty serious raids on thrift-store book supplies," he says. After a brief, unfulfilling interlude in the local public school, Purdy headed up to Exeter, where he both found himself intellectually and met the cultural enemy: prep school irony...
...developing Asia suffered from an acute, potentially lethal but short-lived fever, Japan suffers from a slow, wasting disease, the result not of the nation's vices but of its virtues. While there are many things wrong with Japan, the immediate problem is excessive thrift: Japanese households simply save more than the country's businesses can be persuaded to invest, even at a zero interest rate...
...syndrome seems to have spread to Asia's other giant. China never caught the Asian flu, because foreign-exchange regulations--though they fostered inefficiency and corruption--prevented hot money from leaving and deterred it from coming in the first place. Instead, the problem is, believe it or not, excessive thrift. Incredibly for a developing country, China is experiencing pronounced deflation. In the end, China, like Japan, may be forced to roll the printing presses--a move that would not be possible without a devaluation of the renminbi, which would make the lives of the country's neighbors considerably more difficult...
...Star Wars figures, with a price of less than $2, were a big sell for years, all the way through Return of the Jedi. Around the late '80s, the line began to die out, and Star Wars merchandise became fodder for liquidation stores and thrift shops--and wise collectors. The early '90s saw a wave of nostalgia for the Star Wars films, and the action figures, now no longer in general circulation, became a hot commodity. Dealers thrived until Kenner unveiled a second, brand-new Star Wars figure line in 1995. Cashing in on nostalgic fans and people excited...