Word: boom
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Dates: during 1980-1989
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...make a profit after selling just 2.1 million vehicles a year, 30% fewer than necessary in 1980. Ford has not opened a single new U.S. plant since 1980 but has refitted old ones with automated equipment. The reduced capacity means that Ford's inventory may run short during a boom, but it ensures that the company will not be awash in excess autos during a bust...
...country better illustrates the increasingly intimate relations between U.S. and foreign carmakers than South Korea, where autoworkers earning $2.50 an hour (vs. about $15 in Japan and $25 in the U.S.) benefit from a production boom largely of foreign inspiration. Daewoo, the nation's second largest automaker after Hyundai, is preparing to ship next year as many as 100,000 units annually of a new GM subcompact known as LeMans, to be sold through Pontiac. Daewoo is 50% owned by GM. Ford owns 10% of Kia, South Korea's third largest auto manufacturer...
...evidence of our preoccupation is everywhere: in the physical fitness boom, in every magazine and television program, in our perpetual dieting, in our increasingly frequent trips to the doctors and in the rising costs of medical care. Everyone is taking up jogging, aerobics and isometrics. An estimated 57 million Americans participate regularly in physical fitness programs and the sporting goods industry is a $12.3 billion per year economic juggernaut...
...interesting art, but how much do they have to do with architecture? Lynne Breslin's dreamy, convoluted "Stargame" drawings would make good black-light posters, but is she among the several dozen most talented young American architects? At the other end of the spectrum, postmodern sweetness still has baby-boom adherents. The cupola- topped shingle-style studio that Mark Simon designed for a Long Island beachfront is something of a contortionist folly: it jams all the moves of a mansion into a building the size of a gazebo. But in its earnest eagerness to please, the little building is more...
...history has there been a collection of commotions quite like the Great Stock Market Spectacular of 1986. Up! Up! Up! Down! Down! Down! The Dow Jones average of industrial stocks is taking sharper, swifter leaps and dives than ever before. Buy! Buy! Buy! Sell! Sell! Sell! The biggest stock boom on record is leading to manic levels of activity on the nation's exchanges. Win! Win! Win! Millions, even billions, are being pocketed almost overnight, in split-second transactions affecting the fate of some of America's most important corporations. Lose! Lose! Lose! At the same time, Wall Street...