Word: consumerism
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Dates: during 1980-1989
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"Potatoes are cheaper, tomatoes are cheaper," goes the Depression-era song, but you won't hear them singing it in Japan. A new survey comparing U.S. consumer prices with their Japanese counterparts confirms what travelers have been saying for years: Japan is a bargain hunter's nightmare. On average, consumer...
The elections were prompted by rioting last April among Jordan's Bedouin community, the base of Hussein's support, to protest consumer price hikes. In addition, there was widespread suspicion that recent governments have been riddled with corruption. But the strong showing by the fundamentalists suggested a rejection of the...
"Without public hearings, without a decent interval of time for the American people to digest it... the House leadership railroaded it through," complained consumer advocate Ralph Nader, who opposes congressional pay increases.
As a result, domestic manufacturing is soaring. From 1982 to 1988, color television production jumped from 70,000 units a year to 1.3 million, while the output of black-and-white sets increased almost eightfold, to 4.4 million. Refrigerator and car production has also mushroomed, softening Indian resistance to borrowing...
The rush to buy is rooted in the new middle class's love of ostentation. Many Indians consider those Punjabis who are most at home in Delhi to be particularly brash entrepreneurs and deride the type as the "puppy," for "prosperous urban Punjabi who is young." But where the consumer...