Word: 80s
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...gave us Bonnie and Clyde, Butch and Sundance. The '70s gave us The Sugarland Express and Badlands. Maybe one of the troubles with the '80s was that its movies were singularly lacking in truly memorable outlaw couples. Thelma & Louise is a sign that things are looking...
Evidence of bureaucratic bulge is larded throughout the entrenched establishment that serves the five boroughs. City comptroller Elizabeth Holtzman notes that 50,000 jobs were added in the '80s, "when times were flusher." According to the Census Bureau, the city has 575 employees per 10,000 residents, in contrast to 344 in San Francisco and 146 in Chicago. (Only Washington, with 788, is more bloated...
...lenders don't feel any better knowing they have mainly themselves to blame for this fix. Through much of the '80s they were tripping over one another to offer generous terms for even the unlikeliest projects. "In the madness of that decade, many hotels were overfinanced and overleveraged," says Bruce Batlin, a partner with the consulting firm Pannell Kerr Forster. "A lot of hotels are in trouble because of that...
...Rita Lavelle-style, wine-and- dine-with-the-industry regulators who reigned during the Reagan years. With a degree in medicine from Harvard and one in law from the University of Chicago, he understands health issues and knows how to devise and enforce tough regulations. In the early '80s he served as a consultant on FDA matters to Utah Republican Senator Orrin Hatch, who brought Kessler's talents to the attention of the Bush Administration. But the White House, with its friends in Big Business and its fealty to the philosophy of deregulation, may not have expected so much activism...
Most important, Trump has eluded the specter of personal bankruptcy by whittling his debt down to more manageable proportions. The amount of debt that Trump guaranteed personally -- several hundred million dollars -- is breathtaking even by the standards of the '80s. In negotiations so far, the banks have agreed to secure some of that debt with the Plaza and other assets...