Word: booning
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...American economy staged a stronger recovery than expected, the powerhouse industries of the Pacific region shifted into overdrive. Singapore's exports to the U.S. rose 51% in the first eight months of this year, and Japan's jumped 46%. The flood of Asian products is a boon to American consumers, but it has stirred cries from U.S. companies and labor unions for protection from imports...
Board Member Chen said that the reforms would be a boon to China's long-term prospects, but foresaw transitional difficulties. He predicted that China's growth rate would ease from 9.5% this year to 7.5% in 1985. The new flexible pricing system may cause inflation to rise from 1.5% to 5%. In addition, efforts by enterprises to trim their work forces and become more productive could raise unemployment. Though the official jobless rate is only 3%, Chen estimated that about 15% of the population is "underemployed" at part-time and make-work jobs...
...wait, the senator's aides argue: that's only half of the Illinois Advantage. Percy's also Chairman of the Senate Foreign Relations Committee. And what a boon for Illinois citizens he's been there. According to The Almanac of American Politics, during his 18 years in the senate, Percy has not sponsored or written one major piece of legislation. And Percy seldom uses his position as Chairman to advocate enlightened initiatives, or even to voice concern about troubling issues, as did his predecessor, the late Frank Church of Idaho. Where, for instance, were the Senate investigations after the Beirut...
Semiconductor makers are also benefiting from some painful past mistakes. When sales dipped sharply in the 1970s, U.S. chip producers responded by slashing payrolls, halting research and canceling expansion plans. Their cutbacks proved a boon to Japanese companies; they kept building plants and developing products, and thus were ready to grab new markets when business picked up. That lesson did not go unnoticed. During the depths of the 1981-82 recession, U.S. companies continued to invest. "We maintained our level of research-and-development spending," recalls Norman Neureiter, a vice president of Texas Instruments, one of the world...
Republicans, however, seem sure that the President's high standing in the polls will prove a boon for other Republican candidates. Senator Richard Lugar, chairman of the National Republican Senatorial Committee, calls Reagan's margin in the polls "the best single indicator in any state" of overall G.O.P. electoral chances. Reagan is taking every opportunity to tie his candidacy to those of other G.O.P. office seekers. Says a key House Republican campaign aide: "Should Ronald Reagan win in a landslide, but we fail to add to our numbers in the House, the Reagan revolution is over...