Word: 1990s
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Dates: during 1980-1989
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...Weinberger's request as just an "expensive going-away present for Navy Secretary Lehman," while Democratic Senator Carl Levin has noted that the Pentagon's annual report to Congress last year said the two oldest carriers in the Navy's fleet did not have to be replaced until the 1990s. At a public hearing, Levin asked Weinberger, "How in the world did these two carriers slip into the budget?" The Secretary insisted that nothing had changed; since each takes about seven years to build, he was still merely "asking for two in the '90s." He had not cited the carriers...
...Navy had argued that by starting construction now, some $3 billion could be saved from the cost of the two carriers, estimated at $10.5 billion if begun in the 1990s. But a General Accounting Office study this month put the saving at only $700 million. Critics of the Navy noted that the cost of aircraft, missiles and escort ships pushes the total price for the two vessels up to $36 billion. Even as replacements, the two new carriers would cut heavily into the Navy's ability to provide the manpower, maintenance and operating funds required by its expanding fleet...
...Navigator sells for $1,395, and the DriverGuide is expected to cost about $1,000. Toyota already offers a computerized dashboard map on an expensive model sold only in Japan, but while U.S. automakers are testing the devices, none have plans to offer them as options before the early 1990s...
...trade balance will have to improve more than the current deficit indicates because the country is now an international debtor. In the current issue of the quarterly Foreign Affairs, Harvard Economist Martin Feldstein, a former chairman of President Reagan's Council of Economic Advisers, estimates that during the 1990s the U.S. will need to generate $60 billion annually just to repay the interest and principle on its burgeoning foreign debt. According to Washington Economist Bergsten, the pressure will thus be on to create a $200 billion improvement in the American trade balance. That is liable to add to the considerable...
...works, largely in California, Arizona and Pennsylvania. Marriott, which is best known for its hotels, has invested $150 million in three projects now under way in Haverford, Pa., Fort Belvoir, Va., and San Ramon, Calif. The company plans to build six more life-care communities by the early 1990s...