Word: boom
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Dates: during 1980-1989
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...exodus of 35,000 Filipinos to the U.S. as a help in offsetting two of his country's most obstinate problems: unemployment (now running at 45%) and a lopsided balance of payments. In South Korea, the departure of workers has eased some of the strains triggered by a population boom; in overcrowded Hong Kong (pop. 5.5 million), departing workers have reduced competition for professional jobs...
...nortenos see themselves as more industrious and democratic than the others, whom they sometimes call guachos (the kept ones), accusing them of living largely off government services. "We started using computers in our business ten years ago," boasts Eugenio Elorduy, a prosperous Mexicali businessman. "In Mexico City, the computer boom is just starting...
...Sweden. A little-known former encyclopedia editor and Cabinet member, Erlander barely squeaked through his election to the top post of Sweden's long-dominant Social Democratic Party but gradually won critics over with his astute leadership and folksy style. He led his nation into a period of economic boom and toward achievement of full employment and cradle-to-grave welfare -- goals that his successors found more elusive in a less robust economy...
...boom, like other electronic crazes before it, has been spurred by plummeting prices. Only two years ago, a machine cost more than $1,000 and a disk about $20. But today retailers sell them for as little as $180, while disks cost $12 to $14. Now that the CD no longer looks like a shameless frill, sales have zoomed. An estimated 600,000 players will be sold this year, compared with 240,000 in 1984 and just 35,000 in 1983. Says Alan Perper, marketing director for the Warner Brothers, Elektra and Atlantic record labels: "The drop in prices...
...more than 4% at Cal State and 3% at Penn State. Old-time values were up: University of Wisconsin-Madison students voted Mom and Dad their No. 1 heroine and hero (runners-up: Mother Teresa and Jesus Christ). Law school and medical school enrollments were down after a boom of nearly two decades...