Word: boom
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Dates: during 1980-1989
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Still, Nobel Economics Laureate James Tobin, an outspoken Keynesian, can persuasively describe the current boom as _ mainly a result of deficit spending. Far from being a supply-side victory, he says, the recovery represents "an accidental and classic Keynesian dose of fiscal and monetary stimuli...
...sprucing up Sears' stodgy image by introducing new store designs and more big-name labels. He traveled the country, popping into stores and giving pep talks to local managers. As a result of Brennan's innovative moves, Sears' retail sales have gone from slump to boom...
...triumphs and the medals once were only dreams. But a boom in gymnastics, especially in the U.S., has brought a gifted new generation of athletes into the sport while extending the careers of experienced competitors. One result, as the Los Angeles Olympics have convincingly proved, is that the U.S. has become a new force in world gymnastics. Indeed, modern gymnastics-more athletic than ethereal, as daring as they are precise-have become a sport ideally suited to the American character. Long dominated by Europeans, especially the Soviets, gymnastics stressed Old World considerations of grace and style as much as athletic...
OPEC's abundant production is compounded by low demand for oil. Despite the economic boom in the U.S., West European countries have been slow to recover from the worldwide recession. Total oil purchases by Western industrial countries have increased by less than 4% since last year. Meanwhile, OPEC's total output has gushed up about 30%, from 14 million bbl. a day in mid-1983 to some 18.5 million currently...
...page 1984 Deficit Reduction Act is a fundamental change in the way the tax code treats foreigners who invest in the U.S. The measure could attract more money from overseas, which would help finance the U.S. budget deficit, hold down interest rates and perhaps spark a boom in the stock and bond markets. Indeed, the rally seemed to have already started last week...