Word: bosworth
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...spent, the U.S. personal saving rate dropped from 9% in the mid-1970s to 5.1% in 1985 and a shocking 2.8% in the third quarter of this year. "We have always had a fairly low saving rate, but the current drop is very large," says Economist Barry Bosworth of the Brookings Institution. The personal saving rate looks especially paltry when compared with the thriftiness of such major trading partners as Japan (15%) and West Germany...
...borrowing from foreign investors. The stock-market crash served as a warning of what would happen if the foreign capital is ever withdrawn; thus the nation must reduce its dependence on overseas borrowing for the long-term health of the economy, at whatever cost in immediate pain. Says Barry Bosworth of the Brookings Institution: "Risk of a recession is unavoidable. But a failure to act is even worse. We cannot live with this deficit in the long run." Harvard Economist Lawrence Summers agrees: "Doing nothing about the deficit would definitely bring about an eventual recession...
...John McEnroe, Bo Jackson, and Brian Bosworth...
Both the Bok and Dershowitz segments will be rebroadcast some time before September although definite dates have not been set, said Phyllis Bosworth, who produced "We the People...
...People" series is a direct descendant of CBS' Bicentential Minutes which aired in 1976, Bosworth said...