Word: boom
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Dates: during 1980-1989
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Twenty years ago next March, China and the Soviet Union appeared to be on the brink of war after a series of skirmishes along their border. After nearly two decades of recurring tensions, trade has broken out across that 4,500-mile frontier -- a commercial boom that may be a prelude to a new rapprochement between the two Communist giants. The U.S. is following these developments with considerable interest. Ever since Richard Nixon made his historic opening to China in the wake of the 1969 border fighting, the American "strategic partnership" with China has been rooted largely in a shared...
...dean also attributed the boom inapplications to the publicity the school receivedduring the 350th anniversary celebration in thefall...
...such a scrupulous numbers cruncher end up having to impose $115 million in new taxes? Federal tax reform. To take advantage of the favorable capital-gains measures in the old law, taxpayers unloaded huge quantities of stocks and property in 1986. That boom in financial transactions gave Massachusetts a $140 million budget surplus in 1987. The bill came due this spring, when tax revenue from the windfall dried up and the state found itself in the red. Similar scenarios have unfolded in New York and California, where fellow Democrat Mario Cuomo and Republican George Deukmejian each face deficits...
...Medicare fund, which is partly financed by the same payroll taxes that go for Social Security. If that happens, he says, Congress might keep Medicare going with money from the retirement fund. "And when that money has paid for Medicare, who will finance the retirements of the baby-boom generation?" he asks. Welcome to the budget debates of the 21st century...
...from Bonn. "Everyone has already seen Greece, Italy, Spain, Morocco and Algeria. Turkey is the only thing left in the Mediterranean." Explains a Japanese traveler: "The life-style here is exotic." Nalbantoglu Gunduz, owner of a successful chartering company in Bodrum, has an uncomplicated view of the Turkish tourism boom. Says Gunduz with a shrug: "C'est la mode...