Welcome to 80's City

Long before the endless laundry list channels currently available through Direct TV packages and whatnot, the broadcast airwaves were ruled by 3 major names in household television, ABC, CBS and NBC. Though 80′s imagery is iconized by television shows such as Miami Vice, Magnum PI and The A-Team, the decade made a much larger contribution to the TV/entertainment news industry than a few hit shows with loud colors. The 80′s were a turning point in terms of the way people watch TV and the programming available to consumers. Three major developments have shaped viewer demand, with wide-spanning repercussions for facets of today’s marketplace.1. The Launch of CNN Cable Network News, as it is known in full, debuted on June 1, 1980, under the leadership of Ted Turner, providing the first ever constant 24-hour cycle of news coverage, not to mention the first exclusively news channel in the country. Today’s television landscape features many imitators, with major networks now providing their own spin-off 24-hour news channels, but CNN was the first to show the world as it spins in real time. [Read more →]

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The 1980′s saw three presidents, though Jimmy Carter was only around for his final year in the Oval Office and George H.W. Bush barely got into the White House before the 90′s clock came calling. The 80′s were dominated by the policies of one president in particular, the two-termed 40^th President of the United States Ronald Reagan, who held nation’s highest position from 1981-1989. The growth and economic expansion we experienced throughout the 80′s, especially by comparison the “shrinkage” we’ve seen in recent years, is just another reason why the 80′s were the most awesome 10 years in world history, leaving the 1990′s with impossibly big shoes to fill (though speaking of shrinkage, between Seinfeld, presidential sex scandals and pogs, the 90′s did post a valiant effort). While the prosperity America came to enjoy may have not been completely a result of Reagan’s efforts, probably influenced by the cyclical nature of global markets as well, why look a gift horse in the mouth? Here are the pillars of “Reaganomics,” as the president’s economic platform came to be known, that at least did not get in the way of, if not set the stage for financial upturn:

1. Reduce government spending This one makes enough sense. After all, less spending leads to less borrowing from foreign sources and ultimately lower national debt.
2. Reduce income and capital gains marginal taxes Lowering taxes on income and capital gains, means the government gets less money, but it also means the working American keeps more money, particularly those in higher tax brackets. This results in more discretionary income, ultimately stimulating more financial transactions and boosting GDP. [Read more →]

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