Word: boost
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Dates: during 1980-1989
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Moreover, Americans will turn increasingly to homemade goods rather than imports. "A larger share of total domestic demand will be satisfied by domestic production," says Saul Hymans, professor of economics at the University of Michigan. To meet the increased demand, U.S. companies will have to boost capacity, and that will give a forceful stimulus to capital goods industries. "Exports and capital spending are two very powerful forces," says Charles Reeder, a former chief economist for Du Pont and now an independent consultant...
...November from 6% to 5.9%; it has not been lower since July 1979. Moreover, West Germany's Bundesbank announced a cut in the discount rate that it charges on loans to banks, from 3% to 2.5%. That move, along with reductions by six other European central banks, could help boost the world's flagging economic growth...
...more sweeping strategy to boost saving would be to shift some of the tax burden from income to consumption. One method might be the imposition of a national sales tax, which would work like state levies. Another model is the value-added tax used in many European countries. The VAT is paid at every point in the production and distribution chain where a product's value has been enhanced. Consumers would pay their share at the retail level. But as sensible as those or other consumption taxes may sound, they are too dicey politically to have much of a chance...
...striking new feature of the long-planned Galileo mission, first scheduled for 1982, is a looping itinerary that will provide momentum for the spacecraft by utilizing the gravitational fields of Venus and the earth. This "slingshot" routing became necessary when NASA officials decided that the rocket originally scheduled to boost the craft from a shuttle cargo bay could pose a hazard; it was replaced with a safer solid-fuel booster. Another change in plans involved putting extra gold sheeting on the Galileo spacecraft because of the scheduled pass close to the superhot atmosphere of Venus...
...Japan's trade surplus has piled up and stirred resentment among other nations, the government has been forced to change its stance. National policy now calls for a boost in consumption so that Japanese manufacturers can sell more at home and less overseas. Beginning next year, interest on savings accounts will be taxed at a 20% rate. In the meantime, at least part of the population has started to loosen up. Credit-card use has risen sharply, especially among the young, and some Japanese are going into debt to take vacations or buy TV sets...