Word: vastness
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Dates: during 1980-1989
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...very nature of the state of Israel. On one side, wearing beards, side curls, long black coats and fur-rimmed hats, are the ultra-Orthodox militants, who want all Israelis to live according to the strict dictates of the halakhah, or religious law. On the other side, constituting the vast majority of the country's 4.3 million citizens, are the secular Jews, who believe Israel should be a modern democracy based on the principles of individual rights, tolerance and pluralism...
...country's population, are fighting to impose their religious views on the majority. In the face of that onslaught, many non-Orthodox Israelis have responded with anger and resentment. Warns Uriel Reichman, dean of Tel Aviv University law school: "These things only create hatred of religion. For the vast majority of Israelis, their delight in Jewish tradition is being taken away...
...cunning preserved every quaint and tourist-attracting feature it posesses--regardless of intrinsic worth--would take especial care to do so in the case of its government. After all, is not "Inertia" the great rallying call of the British? What possibly could have induced Parliament to introduce such vast numbers of Americans into its musty domain...
Everywhere, from bookstores to boardrooms, from trading floors to ivory towers, speculations about the financial future fill the air. Declares Economist Robert Heilbroner, writing in The New Yorker: "It is a sense that an ill-defined but vast crisis looms on the economic horizon." In a University of Wisconsin-Madison survey of 105 top executives of major U.S. corporations, half the business leaders assigned a "high probability" to the advent of a major depression in the next ten years...
...superabundance of financial innovation is another factor reminiscent of the 1920s. During that time, investment trusts and utility pyramids were the rage, while the 1980s has been a boom time for such techniques and instruments as leveraged buyouts, junk bonds and stock-index futures. The common element is vast leverage, which creates the potential for big profits during a booming economy but equally dramatic losses when the tide goes the other...