Word: 80s
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...matures," born from 1909 to 1945, was shaped by the Depression and World War II. "Boomers," born from 1946 to 1964, grew up in affluence: economic progress was assumed, freeing them to focus on idealism and personal growth. Young Xers, however, lurched through the recession of the early '80s, only to see the mid-decade glitz dissipate in the 1987 stock-market crash and the recession of 1990-91. Gen X could never presume success. In their new book Rocking the Ages, Yankelovich's Smith and his colleague Ann Clurman blame Xers' woes on their parents: "Forget what the idealistic...
...decade that Texas American lost money; this year is profitable so far. It is one measure of how deregulation has helped both the consumer and the supplier that Bell charges 2[cents] or so less a mile for hauling than when he entered the business in the '80s. "Deregulation has taken $50 billion out of the cost of trucking services from 1979 to 1997," says Donohue. "As a result, we are spending 15% less to move the nation's goods by truck...
What makes today's economy one for the books, TIME's panelists say, is its rare combination of tireless growth and stable prices. The 1960s and '80s went from boom to bust when the Federal Reserve jacked up interest rates to keep prices from getting out of hand. But these days, inflation is barely on the radar screen, even though the unemployment rate has fallen to 4.9%, a level not seen since Richard Nixon was President. That astonishes Princeton economist Alan Blinder, a former Fed vice chairman. If he had bet on such results four years ago, Blinder notes...
...Wall Street ethos of the '80s was the other cause of drastic tuition increases. Scholars refer to it as the "Chivas Regal effect...
...80s came to equate price with quality. For universities, this meant that they could raise tuition, and the market--namely parents--would bear it. Parents believed that the high priced education they were purchasing would translate into greater financial success for their children...