Word: boom
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Dates: during 1980-1989
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...declined much at all, and now they are headed up again. Several major banks last week raised the benchmark prime lending rate another .75%, to 16.5%. The jumps have been extremely discouraging for the Administration, since a downward trend in rates is necessary to spur the business investment boom that Reaganomics needs. The latest interest rate increases have also renewed worries in Western European countries that their costs of borrowing will start climbing once again, forcing their economies still deeper into a slump...
...company. He invests his family's savings in the new venture. He is soon working 18-hour days but does not mind because the company is his own. Sales start sluggishly, and he makes enough mistakes to fill a textbook. Eventually it all pays off. Profits boom; he makes it big. He becomes wealthy beyond his wildest hopes...
Bottom-line types beef about everything from home recording and sales of blank tape cassettes to the boom in home video games and the counterfeiting of albums. Jules Yarnell, special counsel for the Recording Industry Association of America, estimates that companies lose $800 million every year through counterfeiting, piracy and bootlegging. Walter Yetnikoff, president of CBS Records Group, figures the industry loses 20% of its revenue just from home taping. Jack Reinstein, treasurer of Electra/Asylum/ Nonesuch Records, calculates 400 million albums were taped off the air in 1980 alone, "without any compensation to the artist, the songwriters and publishers...
Indeed, the actors can claim most of the credit for the theatrical boom. The Taper Forum and the big Broadway road shows have given Southern Californians a taste for live performances, but the actors have given them such wide choices. Under pressure from its rank and file, Actors' Equity in 1972 agreed to let members work for free in theaters that seat no more than 99 people. There have since been hundreds of such so-called waiver productions-423 last year alone...
...Stella Maris smiles and says firmly, "I haven't seen anything, and I don't want to." Yet death is democratic. Eight-year-old Jonathan lives in a big house on the best side of town, and until recently the closest he came to danger was hearing a big boom one night and having a bad dream about it. The major complaint in his stately neighborhood was the stink from the nearby offal factory. Now the complaint is more topical. A few weeks ago, the Rev. Robert Bradford, M.P, was shot to death in a suburban community center...