Word: boom
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Dates: during 1990-1999
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This may seem obvious, Freeman adds, but the high growth of the 1980s--combined with high unemployment for the unskilled--made economists wonder whether the advantages of the present economic boom would necessarily spread to every socioeconomic group...
...Boom! The U.S. economy is still sizzling, growing at 4.1 percent annually in the first three months of the year, with inflation still fizzling, by one measure, at 1.1 percent. Boom! Corporate profits and housing starts are both headed up again, and the all-important drunken-sailor index -- consumer spending, which accounts for two-thirds of U.S. economic activity -- rose at an annual rate of 6.8 percent, the highest in 11 years. Bust! The Dow drops 267 points, taking plenty of Nasdaq e-stocks with it, and Wall Street is pocked with potholes once again. What's going...
Indeed, anything that can prevent or even slow down Alzheimer's will have an enormous impact. Today about 4 million Americans suffer from the degenerative brain disorder, and caring for them costs some $100 billion a year. With the aging of the baby-boom generation, those numbers could triple within 40 years. Warns Bill Thies, vice president for scientific affairs at the Alzheimer's Association: "We are facing an imminent epidemic...
...record labels, eager for a hot new sound, have started to court Latin pop stars. The death of Tejano star Selena in 1995 and the sales boom in her music that followed got many label suits thinking: If Selena can sell millions of CDs posthumously, how much money could we make with a Latin pop star who can still tour? Says Maria Zenoz, CEO of Caliente Entertainment, a New York City-based record company: "The untimely death of Selena caused the mainstream labels to take a look...
...Rubin make the boom, or did the boom make Bob Rubin? Rubin himself relentlessly defers the credit to his boss, President Clinton, to Fed chairman Alan Greenspan, to his staff and colleagues at the Treasury Department, to luck, and to a natural, cyclical economic high tide that he merely tried to keep as high as he could for as long as he could -- with considerable success. Wherever credit is due, the Clinton administration has presided over the greatest economic expansion in U.S. history; a 200 percent rise in the stock market; record lows in both unemployment and inflation...