Word: digitalizing
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Other problems becloud the generally bright landscape. The Hong Kong dollar has lately slipped 8% against the U.S. dollar because the colony suffered from a $1.8 billion trade deficit last year and is experiencing double-digit inflation, caused largely by an influx of foreign investment and a sharp rise in bank loans for Hong Kong's overheated real estate and property development market...
...Panthers, a group of aged activists, have been lobbying long and hard for higher interest for small savers, and have publicized their campaign through buttons and bumper stickers bearing their wry slogan: "Savings may be hazardous to your wealth." They have a point. Just to keep even with double-digit erosion, the head of a family of four who earns taxable income of $20,000 would have to be paid interest of 11.25% on his passbook savings, or more than twice the current rate...
Amid all the alarm over multiplying profits and double-digit inflation, the White House is facing what could be a make-or-break challenge to its Stage II efforts to restrain union pay demands. The crunch will come in its attempt to hold the critical Teamsters contract settlement within the Administration's "voluntary" guideline limits of 7% a year in wage and benefit increases. On the 13th floor of a hotel overlooking Arlington National Cemetery, union and management negotiators have been bargaining in earnest for more than a week to shape a new master freight agreement for the Teamsters...
...transferring a call to another extension, automatically placing a call at a set time, notifying the user when a previously dialed busy line becomes free, intercepting calls going to another extension, programming the phone so that frequently called numbers can be stored and then activated by using a three-digit number, and automatically redialing a previous call to the outside...
...without bringing on a recession are showing mixed results. January housing starts fell 20% from the previous month to 1 6 million units, in part because of bitter winter weather in much of the country. On the other hand, major retailers such as J.C. Penney and Sears reported double-digit sales gains in January, and auto sales in the first ten days of February were 15% higher than a year ago. The consumer buying spree, the inflationary rises in the price of energy, the gloomy prospects of higher import costs and pressure on the balance of payments−all these...