Word: 1920s
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Dates: during 1980-1989
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...Tucson, Dr. Michael Meyer, director of the Latin America Center at the University of Arizona, points out the inordinate influence of American culture. "I doubt that one American out of 10,000 would know who Sandino was," he says, referring to the Nicaraguan guerrilla leader who in the late 1920s and early 1930s defiantly resisted U.S. intervention in his country and whose name was appropriated by Nicaragua's currently reigning Sandinistas. "Yet nine out of ten Latins know who George Washington...
...have yet to address the basic problems: excessive volatility, excessive speculation, excessive use of credit and inadequate regulation. This speculative behavior is not driven by individual manipulators, as was the case in the 1920s and '30s, but by institutions such as pension funds, insurance companies, banks and savings and loan associations backed, in many cases, by state and U.S. Government guarantees. Curbing speculation and promoting investment must be the objectives of reform...
Growing inequality could even threaten those who now benefit from it by putting an end to the economic expansion. An extreme concentration of wealth and income during the 1920s was a leading cause of the Great Depression. Marriner Eccles, a Republican banker from Utah who became head of the Federal Reserve Board in the 1930s, explained, "While the national income rose to high levels, it was so distributed that the incomes of the majority were entirely inadequate, and business activity was sustained only by a rapid and unsound increase in the private debt structure." Today there are disturbing parallels. Some...
...England Club's greenswards as a personal fief, and she won the opening set. For a moment it looked as though the 31-year-old Navratilova would gain a distinction long coveted -- a record ninth Wimbledon singles title, one more than Helen Wills Moody won back in the 1920s and '30s. Martina punched the air in anticipation. But silently the skies turned from summer sun to North Atlantic squall, and Steffi simply and unceremoniously broke the veteran's serve again and again. When the carpet bombing from Graf's forehand was over, the score...
...like San Francisco's Hal Riney & Partners ($200 million) are an excellent fit. Three years ago, the firm won an $800,000 advertising account for Calistoga, a Northern California bottled- water brand owned by Perrier. Riney's nostalgic soft-sell campaign, which now features a freckle-faced boy from 1920s-era California, helped boost sales 100% in three years. It also landed Riney the national account for Perrier in 1986, which is currently worth $20 million. The most impressive sign that small agencies have come into their own may be Riney's capture last May of General Motors' $100 million...