Word: consumerized
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Dates: during 1980-1989
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But as they swing between imperturbability and panic, Americans leave many experts wondering how to get society to gauge an acceptable risk. Almost a decade of dwindling public confidence in the Environmental Protection Agency, which was treated like an unwanted appendage by the Reagan Administration, has led to a proportionate...
The alarms raised by consumer groups may prove to be a mixed blessing. Some experts complain that a generation that faces fewer real health threats than did their grandparents has become hypersensitive to relatively minor perils. Biochemist Bruce Ames of the University of California, Berkeley, points out that naturally occurring...
The Politburo, giving itself plenty of time to reconcile the currency with reality, voted a year ago to begin "steps to ensure the ruble's convertibility" by the year 2000. So Sovietologists in the West were caught by surprise last week when Gosbank announced that it would devalue the Soviet...
One reason Soviets have little use for their own currency is the shortage of consumer goods to buy. The result is that thegoods have become the storehouse of value rather than the money, as in hyperinflationary economies. A leading Soviet economic official told a visiting American that his neighbor had...
Moreover, the reformers must work with ingredients that have grown stale. Every East European nation faces to some extent a similar litany of consumer complaints: food and fuel shortages, inadequate salaries that are declining in purchasing power, massive budget deficits. It presumes a lot to think that East Europeans will...