Word: paying
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Dates: during 1990-1999
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There does seem to be a spreading sense that too many rules have been bent and too many watchdogs asleep. And too many debts left unpaid. "What epitomized the 1980s was, Spend now, pay later," says David Colander, economics professor at Middlebury College. "What will epitomize the 1990s is, Pay now." This involves not just all the credit-card loans or the interest on the leveraged buyouts but also a lot of ignored problems. "Domestically, we have bulldozed so many things into the future," says Robert Hormats, vice chairman of Goldman Sachs International, "that now we are going to have...
...unadoptable wild horses could once again roam freely. He convinced BLM that with foundation and public funds he could establish a self-sustaining sanctuary within three years. IRAM's first project was a 12,600-acre sanctuary in the Black Hills of South Dakota that opened last year. Tourists pay $15 to view 300 mustangs running on high plateaus of ponderosa pine. The project makes Hyde smile. "The horses are finally getting over their depression," he says. "They got so bored in the feedlots that they didn't know how to run anymore...
...past decade brought go-go growth but left huge debts, an S&L disaster and an array of postponed problems. The '90s will be a time to fix up, clean up and pay...