Word: borrower
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Dates: during 1980-1989
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Questions about the First Lady's practice initially came up in 1982, and she responded by promising not to accept any more free outfits. But when TIME reported in 1988 that Mrs. Reagan had continued to borrow dresses for six more ! years, press secretary Elaine Crispen explained that she "set her own little rule, and she broke her own little rule...
...impose regulations to keep out launderers. One reason is that a thriving financial industry brings jobs and income. South Florida's 100 international banks employ 3,500 workers and pump $800 million into the local economy. Even more appealing is the inflow of foreign capital. During the spend-and-borrow era of the 1980s, the gusher of flight capital into the U.S. from Latin America helped finance America's deficits. As in Hollywood, not many politicians were concerned about where the money was coming from. Alarmed by the tide, House Democrat John Bryant of Texas has long pushed for legislation...
...Foley had not asked for an Air Force Three (the President and Vice President have much larger jets). Pennsylvania Democrat John Murtha had inserted the provision. He enjoys luxurious travel and undoubtedly figured he could borrow Foley's jet. The Speaker quickly shot down his own plane...
...reflection of the wider economy in the '80s, inflated by leveraged buyouts, massive junk-bond issues and vast infusions of credit. What is a picture worth? One bid below what someone will pay for it. And what will that person pay for it? Basically, what he or she can borrow. And how much art can dance for how long on this particular pinhead? Nobody has the slightest idea...
Bertolt Brecht, who plucked plots from Shakespeare, Moliere and Farquhar, reportedly said the best writers never borrow; they always steal. Brecht's error was limiting his dictum to the best writers. The rest are equally ready to find inspiration where someone else found it before. This is especially true of writers of musicals: attempts at original stories have become all but unheard of. With six weeks left, the '80s have yet to yield a noteworthy American musical not derived from another source, whether fiction (Big River), folklore (Into the Woods), movies ("Nine") or a painting (Sunday in the Park with...