Word: costly
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Dates: during 1980-1989
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...primary U.S. inflation signal flared brightly last week. Propelled largely by the fast-rising cost of food and gasoline, the Consumer Price Index increased 0.6% in January, which would amount to a worrisome 7.2% if it were to continue through the year. That marked the strongest monthly inflationary surge since January 1987, when prices jumped 0.7%. But the rate then slowed to a modest...
...Greenspan battles inflation with a tight monetary policy, he will present the Administration with serious handicaps in meeting its fiscal goals. Any jump in borrowing rates would raise to even more astronomical levels the huge cost of bailing out the S & L industry. While the Administration put the total ten-year price tag at $90 billion when it announced its rescue plan last month, that forecast was swiftly raised to $126 billion. Last week Treasury Secretary Nicholas Brady said the cost is now expected to reach $157 billion...
...spurt in interest rates could make even that projection seem unduly optimistic. The higher rates would boost the Government's cost of borrowing for the bailout, as well as worsen S & L losses by raising the interest that ) the thrifts must pay depositors. To calm fears of a possible run on deposits, Greenspan said last week that the Fed will provide cash to any insolvent S & Ls that need it to meet withdrawals...
...fact, the keyboards combine the challenge of a computer and a Steinway grand yet are relatively easy to use. The boards can produce a dazzling range of musical effects, sounding jazzy or elegant at the flick of a button or a switch. And though top-end pro keyboards can cost upwards of $3,000, general consumer models for the "hobbyist" market usually go for a couple of hundred dollars. Besides having model numbers that make them sound like racing cars, boards like the Yamaha DX7IIFD look like the instrument panel of a new Ferrari prototype. The Roland...
...musical called The Straw Hat Revue opened at Manhattan's Ambassador Theater. The show, which cost $8,000 to put on Broadway, featured such future stars as Danny Kaye, Imogene Coca, Alfred Drake and a young dancer named Jerome Robbins. This week -- 50 years later and four blocks south, at the Imperial Theater -- Broadway welcomes another revue, Jerome Robbins' Broadway, with another cast of young hopefuls. But everything else about this show is bigger, riskier and very late '80s. For one thing, its co-sponsor is a Japanese liquor firm. For another, it carries an all-time-high ticket price...