Word: badness
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Dates: during 1980-1989
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...German who has lived in the U.S. for only a few months. Pride in being a member of a nation is not bad. But I notice that this feeling blocks out everything outside the U.S. Your nation is a beautiful and powerful one. Yet it is part of this world. Nearly everything that happens in other countries affects the U.S., and vice versa. I think Americans should be more aware of this...
...Once known for its poverty, Sicily may now be addicted to a rich diet of drug money. Some Sicilians, in fact, wonder how anything will ever get done without the Mafia to navigate a hopelessly tangled bureaucracy. As a Palermo businessman said last week, "Our city administration is so bad that without the 'friends of friends,' how are we ever going to get anything accomplished? At least with the Mafia, you knew how to fiddle...
...sports town has been more forbearing and no city deserves more cheer. Sixteen seasons have gone by since the Tigers of Al Kaline and Denny McLain won the World Series, and the fans have withstood some bleak years. In Detroit, there appear to be only good times or bad. Record profits or deepening recessions. Windfalls or layoffs. When the Tigers were winning every day in April and May, it occurred to some that they could not possibly have been more in step with the city (unless, of course, they had been losing every day). Chrysler is up, and crime...
...bad as that outlook sounds, it may be overly optimistic. The CBO made the questionable assumption that no recession would occur for the rest of the decade. History shows, however, that over the past century the economy has suffered a downturn every four years on average, and few economists believe that the business cycle has been repealed. A survey conducted last month by the National Association of Business Economists revealed that 95% of the members polled expect a recession to strike by 1986 at the latest. When asked what would be the causes of the downturn, 79% of the NABE...
...shaky profits, it announced in July a second-quarter earnings gain of 23% over 1983. Last week, however, First Chicago made a stunning disclosure that stirred new concerns about the soundness of the U.S. banking industry. Chairman Barry Sullivan stated that First Chicago will write off $279 million in bad loans during the third quarter for an overall loss of up to $74 million...