Word: digitalizing
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...demanded immediate steps to combat triple-digit inflation, including tax reform, making the zloty convertible with Western currency and creating a stock exchange...
...manufacturers of sun block and condoms can attest. This season the booming product is insect repellent. The near hysteria over tick-borne Lyme disease, along with a proliferation of other buzzing pests because of wet weather, has sent the sales of bug spray and lotion rising at double-digit rates...
...grant adjustable-rate mortgages. The delay left the thrifts in a bind, because interest rates had rocketed from 13% at the end of 1979 to more than 20% a year later. Thrifts were collecting interest rates of around 8% or less on their 30-year mortgages, while paying double-digit interest to new depositors. During 1981 some 85% of all S & Ls were losing money...
...Producer Price Index for finished goods had risen 4 percent during 1988, the steepest climb in seven Years and nearly double the 2.2 percent increase posted in 1987. Many private economists expect further increases this year, although not at the double-digit levels that plagued the nation...
...eight years, as chairman of the Federal Reserve Board, Paul Volcker was perhaps the second most powerful man in Washington. There were no doubt times, as he squeezed the money supply and cost people jobs in his battle against double-digit inflation, when he was also one of the most unpopular. Volcker, 61, devoted more than three decades to public service; his first appointment after leaving Government in 1987 was as unpaid chairman of the National Commission on the Public Service, a private group trying to improve the lot of the nation's civil servants. Now, as chairman...