Word: digit
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Dates: during 1980-1989
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...council's optimism contrasted starkly with the expectations of four years ago, when members met before the 1980 elections. Then, high interest rates, double-digit inflation and the prospect of another oil-supply crisis caused by the outbreak of war between Iran and Iraq had business leaders worried. This year, with only three weeks to go to the presidential election, and with Ronald Reagan still riding high in the polls, council members are feeling confident. Said IBM Chairman John Opel, whose company last week announced a 21.7% increase in profits for the third quarter: "1984 was a very good...
After you convincingly demonstrated the absurdity of the amateur/professional classifications, I was stunned by your conclusion that "major leaguers" should be excluded from playing in the Olympics. If track athletes with seven-digit earnings can compete, why exclude pro-basketball players? Both play full time at their sport; both are paid to show up for competitions, win or lose; both should be allowed to compete in the Olympics...
...Service Co. of Indiana, Public Service Co. of New Hampshire and United Illuminating of Connecticut. All undertook ambitious nuclear power programs in the 1970's, then saw those projects threatened by antinuke sentiment after Pennsylvania's Three Mile Island accident. On top of that came searing double-digit inflation and rising interest rates that drove up construction costs to four and five times the estimates. The oil shocks of the 1970's made it all the harder for the utilities to produce cheap power. Finally, recession cut into demand for industrial and residential electricity and left many...
...downward pressure on the dollar. A steep plunge could kindle U.S. inflation by boosting the price of imports. Warned TIME Board Member Lester Thurow, an economics professor at the Massachusetts Institute of Technology: "You could get a dollar shock that could push the inflation rate close to the double-digit level a year from now." Rimmer de Vries, chief international economist for New York City's Morgan Guaranty Trust, said that the dollar may stay strong for a while longer, but acknowledged that the financial markets fear a big drop in the U.S. currency...
...take had plummeted to $900,000. (It now averages $1.2 million a week.) "In lottery operations, you have to keep innovating to be successful," says Douglas Gordon, executive director of the Washington, B.C., lottery, which started in 1982 with an "instant" rub-off card, later added a three-digit numbers game, and last month introduced a Lotto contest...