Word: bros
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Dates: during 1980-1989
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Whenever business executives get together these days, the talk quickly turns to the strong dollar. Says Peter Peterson, former chairman of Wall Street's Lehman Bros. and Commerce Secretary during the Nixon Administration: "I am on five company boards, and on four of them there is much more discussion about the dollar than ever before." Peterson, who was a guest at the meeting of TIME's Board of Economists, called for quick action to stop the rise of the dollar and help American exporters. His program...
...budget deficit is that its effects are gradual and masked by the general prosperity. "Deficits are not explosive," said Heller. "They are corrosive." Most disturbing, the U.S. will become a debtor nation this year for the first time since 1917. Peter Peterson, former chairman of the Lehman Bros. Kuhn Loeb investment firm and a guest at the TIME board meeting, said that unless action is taken to bring down the deficit and the dollar's value, America could owe foreigners $1 trillion by the end of the decade. Observed Heller: "We're fattening our own standard of living today...
...time she left home in her late teens, had already starred in her first movie. It was a Super-8 project directed by an eighth-grade classmate in which Madonna had an egg cooked on her tummy. She can currently be seen, under somewhat more professional auspices, in Warner Bros.' Vision Quest; Orion's Desperately Seeking Susan is scheduled for imminent release. There are no announced plans for the egg epic, although at the current rate of exposure, it may be the only piece of Madonna celluloid that has not yet seen daylight...
...games are also popular abroad. Dittler Bros. printed a total of 50 million tickets in 1984 for Argentina, Australia, Canada and Israel. Says Robert Mote, a vice president of Scientific Games: "People everywhere like to know if they are winners--immediately...
Laurie Anderson: United States Live (Warner Bros., five disks). Laurie Anderson's United States, Parts I-IV, which premiered two years ago at the Brooklyn Academy of Music, is the work that first brought the avant-garde form of performance art to a wide audience. A dazzling synthesis of music, narration and film, Anderson's free-associating view of American materialism was marked by both wry humor (I dreamed I had to take a test in a Dairy Queen on another planet, goes one section) and an imaginative use of technology: with a device called a Vocoder, she can speak...