Word: boom
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...borrow less, leading to lower interest rates. This year the deficit is expected to shrink to about $70 billion, down 75% from $290 billion in 1992. The annual red ink is now less than 1.4% of gross domestic product, the lowest of any industrialized country. Result: a productivity-driven boom...
WHAT WILL KILL THE BOOM Perhaps another oil shock. But the economy is in its seventh year of expansion--better than the 1950s and the Roaring Twenties. And this expansion should last out the 1990s, which would set a record for duration...
WHAT KILLED THE BOOM To protect its merchant fleet, Holland built an armada larger than the British and French navies combined. But the cost of this outsize national defense caused taxes to rise sharply, and the Netherlands still lost its naval supremacy. The result was the end of Dutch mastery...
Some criminologists are also warning that a new wave of "superpredators" will soon hit the streets. In fatherless households and fractured neighborhoods, millions of four- to seven-year-olds, the baby boomers' own mini-boom, are headed for their teens. So Congress wants to make it easier to try juveniles accused of violent crimes as adults--and to incarcerate them in adult prisons. Under both the Senate bill and the House bill, states that want the federal dollars would have to make prosecutors and not judges the ones who decide whether a teenager charged with a serious violent felony...
...Trade Agreement, which freed up not just commerce but also the flow of ideas across the border with the U.S. Empowered by its huge size, the NAFTA generation promises to have an impact on Mexican politics, economics and culture as profound as the clout wielded by the older baby-boom generation in the U.S. Some 65% of Mexico's 95 million people are under age 30, and more than a third of the registered voters in last week's election were ages...