Word: aftermath
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Dates: during 1980-1989
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...than during the go-go days of the 1970s and early 1980s. The overbuilding of offices and condos has produced a huge surplus of such structures all across the Sunbelt, and some excess properties even in Northeast states like Massachusetts and Connecticut. "What you're dealing with is the aftermath of , a massive speculative excess. It tends to drive down the value of all real estate," says Austin-based banking analyst Alex Sheshunoff. To make matters worse, mortgage rates have risen a full percentage point in the past year, to an average 11.5%, which has stalled home sales and depressed...
...collapse of the Marcos government, however, is the paradigm of present- day Philippine politics and, as such, is well told in Impossible Dream, Sandra Burton's history-as-I-lived-it account of the assassination of Aquino's husband Benigno and its aftermath. As TIME's Hong Kong bureau chief from 1982 to 1986, Burton soaked up the Philippines' maudlin, heart-tugging, cutthroat, rumor-mad, pious, unethical spirit. Her book is not only the expected political thriller, full of intriguing Filipinos and meddling Americans, but a bizarre feudal drama set in a land where Sancho Panza, not Don Quixote, tilts...
...gloom of a hospital ward, an injured man contemplating his future, a young soldier's face on a tombstone: all part of the aftermath of a war the Soviets started in 1979 and abandoned last February, when the last of Moscow's troops rolled out of Afghanistan. The Kremlin's misadventure not only cost the lives of some 15,000 Soviet soldiers and left 35,000 injured but also marked the first time the U.S.S.R. had ever been defeated in war. As illustrated by these photographs, mostly taken at a military hospital outside Moscow, the agony of Afghanistan goes...
...that recognized the primacy of economic policy in the late 20th century. "Our leadership has taken a form different from that of recent historical experience," he said. "The recent model has been one of national dominance in an international economic system -- as represented by the United States in the aftermath of World War II or by Britain in the latter half of the 19th century. Our new leadership is more in the manner of an architect and builder, patiently and tenaciously pursuing a vision of economic growth and prosperity, trying to persuade others what may be accomplished while contributing...
...immediate aftermath of Apollo 8 was a land rush of follow-up flights. Said Thomas Paine, acting administrator of NASA in 1968: "We are at the onset of a program of space flights that will extend through many generations." Since then, there have been other triumphs and other disasters. Yet the wonder of that lunar vista has remained a lure and an accomplishment, a sign that amid riot, war and discontent, something was still worth striving...