Word: consumerized
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Dates: during 1980-1989
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Bureaucrats from the capital are more likely to recognize the threadbare inland province of Hunan, just across Guangdong's northern border. In Hunan, Mao Zedong's birthplace, most people still regard private enterprise with condescension. While the province once benefited heavily from investment in state enterprises, some of those facilities...
The struggle has become more desperate than ever in 1988, with the five-year economic expansion losing momentum. Few economists predict an outright recession this year, but the long-running consumer spending spree is expected to taper off considerably. While consumers seem to have taken the stock-market crash in...
It is a threat that Sears Chairman Edward Brennan, older brother of Montgomery Ward's Bernard, does not take lightly. Under Brennan, who took over in 1986, the company is beginning a major reorganization of the 8,200-member headquarters staff in Chicago. Layers of management are being reduced so...
Young Communists vacuum-clean the streets, and workers paint green leaves on trees. Monuments are scrubbed with Yugoslav shampoo, and telephone lines cut by the Germans in World War II are at last repaired. Since Gorbachev was once party secretary responsible for agriculture, a committee of scientific experts is convened...
Still more variations of CD technology are on the way. Two giants of consumer electronics, Sony and Philips, are getting ready to unveil a CD device that comes with a built-in computer and can be hooked up to a TV set. A hand-held controller allows users to interact...