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In the 1980s and '90s, a push to lower the legal blood alcohol content (BAC) limit for getting behind the wheel took the country by storm. Mothers Against Drunk Driving (MADD) was formed in 1980 ...
Drunk driving is the act of operating a motor vehicle with the operator's ability to do so impaired as a result of alcohol consumption, or with a blood alcohol level in excess of the legal limit. [1] For drivers 21 years or older, driving with a blood alcohol concentration (BAC) of 0.08% or higher is illegal.
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of approximately a third of the savings and loan associations (S&Ls or thrifts) in the United States between 1986 and 1995.
Reconciliation is an optional part of the annual congressional budgetary process. [6] Typically, the reconciliation process begins when the president submits a budget to Congress early in the calendar year. In response, each chamber of Congress begins a parallel budget process, starting in the Senate Budget Committee and the House Budget ...
During the 1980s and 1990s, the national median home price ranged from 2.9 to 3.1 times median household income. By contrast, this ratio increased to 4.0 in 2004, and 4.6 in 2006. [ 293 ] This housing bubble resulted in many homeowners refinancing their homes at lower interest rates, or financing consumer spending by taking out second mortgages ...
The history of the United States debt ceiling deals with movements in the United States debt ceiling since it was created in 1917. Management of the United States public debt is an important part of the macroeconomics of the United States economy and finance system, and the debt ceiling is a limitation on the federal government's ability to manage the economy and finance system.
The Washington Consensus is a set of ten economic policy prescriptions considered in the 1980s and 1990s to constitute the "standard" reform package promoted for crisis-wracked developing countries by the Washington, D.C.-based institutions the International Monetary Fund (IMF), World Bank and United States Department of the Treasury. [1]
German reunification in 1990, with the democratic West absorbing the ex-Communist East. The dissolution of the Soviet Union in 1991, replaced by a friendly Russia and 14 other countries. Except for Tiananmen Square in China, all the events strongly favored the United States. Bush took the initiative in the invasion of Panama and the START treaties.