Word: boom
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Dates: during 1990-1999
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Considering only one set of figures, the answer would be a resounding no. In 1973 the great postwar boom peaked, and the U.S. economy entered a period of slow growth. From the end of the Civil War through 1973 total national output had grown an average of 3.5% a year, and output per worker rose about 2% annually. Ever since, output growth has averaged 2% a year and productivity increases only 1%. By no coincidence, real (that is, inflation-adjusted) income for the median worker, which had doubled in the early postwar years, has been declining persistently since...
...software moguls something no other programming environment can: a way to completely bypass the software-industry middlemen. "These wonderfully brilliant Marc Andreessens will stay up all night eating Twinkies, drinking Jolt and writing in Java," predicts Sun's McNealy. "Then they'll put something out on the Web, and boom!--word of mouth!" The trick, which Microsoft has mastered but Sun and Netscape have not, will be to find a way to get paid...
...role as "acting as a bit of ballast," Murdoch also took turns at the grinder, in the galley and at the helm during the three-day race. And all this while injured. A few days before the race, Murdoch caught his right index finger between the sail and the boom and was whisked away to the hospital. A quick piece of plastic surgery later, he was fine, to the great relief of his many creditors. "I'll still be able to write checks," he joked...
...controversy he has generated, neither Clinton nor Dole can afford to let him expire. A top Dole operative admitted last week that the Senate majority leader needs Newt around to play bad cop, to attack Clinton next year, while Dole poses as presidential, safely above the undisciplined, baby-boom fray. A critically wounded Newt can't perform that mission well. Once just a GOPAC mission, "Newt support" is now a G.O.P. imperative...
Gramm's biggest problem in Iowa is Forbes, whose smiling visage and upbeat message of tax cuts and prosperity are an appealing contrast to the scowling Texan. The publishing tycoon is also a one-man Iowa economic boom. He has lavished $1.1 million to spread his message, more than double the combined media expenditures of his rivals. A few weeks ago, neither the Gramm nor Dole camps believed Forbes could turn out significant numbers of supporters at the time-consuming caucuses. Now they are not so sure. As Pat Buchanan told TIME, "[Forbes] is softening up Dole, he's draining...