Word: digit
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Dates: during 1980-1989
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...persuaded to enact some of the hotly controversial cuts in federal spending before the momentum generated by Reagan's landslide election victory begins to ebb. Financiers, businessmen, workers and consumers must be assured that a real change is coming before they harden in their belief that double-digit inflation, recurrent recessions and towering interest rates have become the new American way of life...
Homeowners are among the biggest gainers. Many people buy property today with the anticipation that inflation will continue. A homeowner holding a 12% mortgage would have a crippling house payment if inflation, and the accompanying double-digit salary increases, suddenly stopped. Marty Brennan, 39, a San Francisco real es tate speculator, makes an annual income of more than $100,000 from property investments. Says she: "Without inflation, I would have to be about 20 times smart er at my business and would have to work a lot harder to earn money instead of just making...
...sparks of their personal friction, Rabin and Peres have no significant ideological or policy differences. Both advocate tough budget cutting and tight foreign currency control to fight Israel's punishing triple-digit inflation. On matters of foreign policy, both want to maintain close relations with the U.S. and honor the Camp David agreements. Rabin and Peres subscribe to the "Jordanian" option, under which most of the occupied West Bank would revert to joint Jordanian-Palestinian control...
...these departmental hardships combined with a projected Faculty budget deficit of $785,000 for the current year foreshadow future double-digit tuition hikes. "Unfortunately, I don't see too many positives on the horizon," Gerrity said...
...fact, for investors to make up for the loss in buying power caused by inflation, stock prices would have to climb far higher than they have. Since 1965, when the Dow first approached the four-digit threshold, inflation has chopped the buying power of a dollar to little more than 400. For investors in the 30 stocks of the Dow industrials to be as well off today as 15 years ago, the averages would have to hover not at 1,000 but at 2,500-and not even Wall Street's most starry-eyed optimists see that kind...