Word: 80s
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...literary world was aghast at what the changed leadership would portend for the New Yorker. Brown was known primarily for rescuing tottering magazines; she was the chief architect of Vanity Fair's transformation into the hot book of the '80s. VF reflected that decade's zeitgeist, a dubious mix of camp and celebrity worship underlaid with thinly disguised cynicism. Tina Brown transformed it into the kind of magazine which would reside illicitly in the sock drawer of serious reader: titillating but not substantial...
What do a couple of big private universities have in common with the "white collar" crimes of overleveraged corporate conglomerates of the '80s? True, the decade of corporate excess left even the academic world tainted--from the president of Stanford University, who "appropriated" federal grants for home improvements, to the Yale president who decided to forego his comfortable (albeit quasi-academic) appointment to go into business in a completely forprofit "educational" enterprise. Still, it seems odd that the government should focus its antitrust wrath on MIT and eight Ivy League schools...
However the Paramount fight plays out, Wall Street dealmakers don't expect a re-enactment of '80s-style takeover frenzy anytime soon. Debt remains a dirty word in many executive suites, and intense foreign competition has put pressure on companies to merge in ways that make sense for their long-term abilities to expand. "Nobody does a deal for what they used to call financial reasons any longer," says arbitrager Kalin. "The merger has got to fit in with your company." While the Paramount battle is happily reminiscent of the '80s, she adds, it will probably prove to be just...
...most part, they are not members of some grand conspiracy sponsored by a state apparatus, but loosely organized, grass- roots militants who use similar terrorist methods and get money and weapons from the same like-minded sources. Unlike the Palestinian and Shi'ite revolutionaries of the 1970s and '80s, these disparate cells of angry young men seem to boil up from the broad opposition growing in the largely undemocratic countries of the region, in a self-proclaimed war to force pure, undiluted Islamic law on the societies that have failed them. When that violence spills over into...
BUSINESS: Are the '80s Back...