Word: bigs
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Dates: during 1980-1989
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...year in hopes of keeping inflation in check. Since May 1988, the prime rate that banks charge major corporate customers has climbed from 8.5% to 11.5% and fixed rates on home mortgages have risen from about 10% to 11.5%. Yet while the tight money has clobbered housing and other big-ticket items, inflation poses a serious threat. If Greenspan vigorously pushes interest rates higher to combat that threat, he risks a recession; if he tries to ease up just enough to permit the economy to make a soft landing, he risks letting inflation get out of control...
...Rancho restaurant, "but you learn to live with it." Braswell and his wife Betty have lived here for 17 years and raised six kids, packing them off to school in nearby towns. In a community where no one is in charge, Braswell takes it upon himself to maintain the big Q sign on Q mountain. "A while ago, I filled my pickup with 4-H kids, drove up there and poured whitewash over the Q. Got to go up there again." Like everything else in town, his business is geared toward an older clientele. "Ninety-five percent of the people...
...cause got a big boost last month with Du Pont's announcement that it would form a joint venture with Waste Management to build the country's largest plastic-recycling operation. The facility, which will open in 1990, will separate and clean 40 million lbs. of the material a year. But that will only dent the problem: the U.S. annually produces 1.6 billion lbs. of plastic soda, milk and water bottles, enough to fill a line of dump trucks stretching from New York City to Cleveland...
...getting glimpses of vogueing in a music video playing on MTV, singer Taylor Dayne's Tell It to My Heart. The craze has already spread to Chicago. Predicts New York City video producer David Bronstein: "I see a lot of choreographers who could be influenced. I see a big crossover there for stage, for TV, for film...
...ordinary citizen, a big jump in the unemployment rate seems like bad news. What could possibly be good about the fact that almost 400,000 more people were out of work in April than in the preceding month? After all, that painful increase hurts not only those without jobs and their families, but the malls and supermarkets where they shop as well. Yet when the Government reported that joblessness rose by 0.3% to 5.3% in April, financial insiders ( applauded, the bond market surged while stocks staged a brief but sharp rally, and publications ranging from USA Today to investment-house...