Word: 80s
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Thus, when Houston became overbuilt, its freeways impassable and its streets filthy, voters picked their first woman mayor, Kathy Whitmire. "When people are frustrated and saying something needs to be done," she says, "they are willing to turn to somebody different." After the Texas economy went bust in the '80s, an unprecedented number of women were elected to straighten things out, including the mayors of Dallas, San Antonio and Corpus Christi. This year Ann Richards, who became the first woman to hold statewide office in Texas in a half-century when she was elected state treasurer in 1982, hoped...
...security, they feel more vulnerable to hard times. Women are also more inclined to believe government action is needed to ward off economic threats and social problems. This makes them somewhat more likely than men to vote Democratic. In fact, one reason that the Reagan-Bush victories of the '80s failed to translate into a full party realignment is that in critical Senate contests female voters elected liberals...
Disheartened by their mothers' guilt during the '70s and their older sisters' exhaustion hauling baby and briefcase through the career traffic of the '80s, today's young women have their own ideas about redefining the feminine mystique. When asked to sketch their futures, college students say they want good careers, good marriages and two or three kids, and they don't want their children to be raised by strangers. Young people don't want to lie, as their mothers did, when a baby's illness keeps them from work: they expect the boss to understand. Mommy tracks, daddy tracks, dropping...
...that older women begrudge the young their hopes; rather they recognize how many choices will still be dictated not by social convention but by economic realities. The earning power of young families fell steadily during the '80s, so that two incomes are a necessity, not a luxury, and a precarious economy promises only more pain. When factories cut back, women are often the first to be laid off. As Washington battles its deficits, cutting away at food, health and child-care programs, it is poor women who will feel the hardest pinch...
...London developers are feeling nostalgic about the mid-'80s, when the economy was growing and money was flowing freely. Today real estate firms in Britain are confronting base interest rates of 14%, stagnant growth and a lingering hangover after years of overbuilding. Commercial rents in London, which reached about $130 per sq. ft. a year ago, have fallen nearly 25% since then. Chris Walls, a property analyst at Salomon Brothers in London, predicts that rents will decline to less than $100 per sq. ft. by the end of the year. The vacancy rate in central London is 11%, up from...