Word: 80s
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...conditions that led to today's transition economy go back even further than the Roaring '80s. Americans have suffered a long-term stagnation of their earnings. The median income of U.S. families has virtually stood still since 1973, rising from $24,345 in inflation-adjusted dollars to $25,830 last year. That marks an annual gain of just 0.3% a year. From 1959 to 1973, by contrast, incomes grew a robust 2.7% a year...
When the recession arrived, it triggered the kind of layoffs that occur in any slump. But it has also accelerated a wave of firings that can only be attributed to longer-term structural changes, including a drastic shakeout in industries that were overbuilt in the 1970s and '80s. Among the worst hit is retailing, which is undergoing a painful adjustment to the frugal '90s. Just last week Zale, the largest U.S. jewelry-store operator, said it would close 400 of its 2,000 stores and lay off 2,500 workers. "We are looking at the historic restructuring of the American...
Back in the late 1950s, Stuart Ressler was one of the eager young scientists trying to crack the genetic code of the DNA molecule. In the mid-'80s, he works the night shift for a computer billing outfit in Brooklyn. What brought Ressler to this dead-end job? That is only one of the questions posed and answered by this demanding, dazzling novel. Also on display are two love stories, two intertwined narratives, vast erudition and a white-knuckled, suspense-filled investigation into the meaning of life...
...MOST SURPRISING THINGS ABOUT THE 1991 Battle of the Sexes was that it was so full of surprises. After the feminist revolution of the '70s, the postfeminist age unrolled in the '80s amid musings about "mommy tracks" and the installation of diaper-changing facilities in airport men's rooms. By the '90s Americans were supposed to have moved on to more subtle issues about enhancing everyone's quality of life, letting women define themselves as individuals, letting men be warriors or frogurt eaters, as they choose...
...personal transformation was, at some level, the result of a professional one: Turner's adjusting to his new environment. "He went from the hearty camaraderie of the Chamber of Commerce and locker-room crowds to the world of great leaders." More important, what Turner recognized in the mid-'80s was that his roller-coaster emotional life, which had served him well in his risk-taking entrepreneurial days, was not particularly useful in running an international company with long-term ambitions and an estimated worth well in excess of $7 billion. The businessman who three times in his life had leveraged...