Word: heedlessness
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Dates: during 1990-1990
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...must begin in people's minds. Nearly half of all Americans polled believe we are in decline, overtaken by the Japanese and others. That could be a healthy stimulus to greater effort. But the Second American Century requires a more accurate sense of reality -- neither the heedless optimism that once held everything to be possible for America, almost as a law of nature, nor the new, creeping pessimism that considers America's downfall inevitable...
...fact, the South is at a generational turning point, torn between those who remember the hardship and the dangers of the past and young people who often seem heedless of the lessons of history. Many older South Koreans still distrust the chaotic uncertainties of democracy, with its attendant student riots and labor unrest. While they may be uncomfortable with the nation's continued dependence on U.S. troops, they remember all too clearly why the soldiers are there...
...eager to investigate debacles like Drexel's, it has shown little interest in enacting new laws to curb financial markets, even after the 1987 crash. The real lesson of the fall of the most money-mad firm of a money-mad decade is that in any free market, a heedless competitor can lead virtually the whole industry astray. The pendulum is swinging back now, but the impact of the debt that Drexel's junk bonds loaded on corporate America will not vanish as swiftly as the perpetrator...
...aircraft orders, Seattle is attracting newcomers from across the country. The median price of a Seattle home rose 23% in the third quarter to $110,000, marking the largest increase in the U.S. By contrast, Phoenix is mired in a real estate depression in the wake of a heedless building spree. Lenders foreclosed on more than 15,000 residential mortgages last year, up nearly 20% from 1988. In the Rocky Mountain area the Denver economy is still struggling to recover from the energy slump...