Word: 80s
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...myths exploded by the record U.S. boom. Remember when any unemployment rate lower than 6%, or any rise in national output of more than 2.5%, was supposed to light a bonfire of inflation? Come on, it wasn't that long ago--those beliefs died even harder than the '80s idea that the U.S. was becoming a corporate colony of Japan. And as late as the end of 1998, some economists feared that a ballooning U.S. trade deficit and the launch of a rival international currency, the euro, would send the American dollar into a headlong slide--maybe even a "dollar...
...companies, NASA, military contractors and universities. Doctors were needed for President Lyndon Johnson's Great Society medical programs, and they were given preference too. Fewer than 2,000 people immigrated to the U.S. from India in the decade of the 1950s; in the '60s, 27,189 arrived; by the '80s, the number had jumped to a quarter-million. The immigrants often took jobs Americans had turned down because the pay was low or the location remote. "There would be an opening for a surgeon in Champagne, Ill.," says Fareed Zakaria, a Bombay-born academic who is managing editor...
...group Le Tigre last year. Their February word-of-mouth-only debut in Brooklyn packed a huge loft with so many insiders that a crowd stood listening in the snow outside. "We pretty much rotate instruments," says Benning, who assembles many of Le Tigre's beats on samplers and '80s-vintage drum machines. After its tour, the band plans to record a follow-up to last year's album. "I also want to do my own deejay projects," Benning adds. A feature film? "It's always been in the back of my mind...
...this House master's arsenal: an Olympus Camedia C-2020-Z digital camera, a Linux web server and a database of information about each of his Leverittes. Students who bump into Georgi at a monkey-bread open house or the '80s dance often end up in pictures--digital photos posted within 15 minutes after events on the House website, which averages about 250 visitors per day. The some 450 Leverittes also regularly find Georgi popping up in their inboxes. "I know I send too many e-mails," he grins...
...years more of the same. "Just because things are going to get harder for the government doesn't mean they get any easier for Microsoft," says Cohen. "This process itself is inflicting significant damage." Bill Gates was the prime beneficiary of the legal paralysis that hobbled IBM in the '80s - he knows all too well that in the tech business, winning or losing the case is almost beside the point. Microsoft may yet dodge the hatchet, eventually, but its days of wielding the sharpest claws in the tech jungle are gone, never to return...