Word: doom
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Dates: during 1980-1989
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...bright in Tinseltown. Scoring its best summer season ever, the movie industry racked up a record $1.6 billion in ticket sales. That nosed out the previous mark of $1.58 billion achieved in 1984. Back then it was a handful of such blockbusters as Indiana Jones and the Temple of Doom, Ghostbusters and Gremlins, each of which reeled in more than $100 million, that led to the banner year. This season, with the exception of the Eddie Murphy triumph Beverly Hills Cop II, which has pulled in $151 million, a dozen or so lesser hits are doing the job. Among them...
...moderates, Reagan's tentative endorsement of the peace plan signed in August by five Central American Presidents may have seemed grudging and tepid. But to the right it sounded like the crack of doom for any effort to save Nicaragua from Communism. Some conservatives are also aghast at what they view as the Administration's headlong rush into a missile treaty with the Soviets, and in particular by its retreat from strict verification demands. Says Patrick Buchanan, once Reagan's communications director: "We are better off with 574 missiles that can land on the Soviet Union than we are with...
...White House was attempting to recover from a series of miscalculations that could doom the contra effort for good. In early August, Reagan startled members of his Administration by unveiling a peace plan that was co-sponsored by Democratic House Speaker Jim Wright. According to State Department officials, Reagan had intended to present the Sandinistas with a proposal that they could only reject, then ask Congress for new contra funding before the current aid expires on Sept. 30. But the scheme went awry. Three days later, when the Presidents of El Salvador, Costa Rica, Honduras, Guatemala and Nicaragua...
...ancient scold, with a new Jeremiah sounding the doom cry. Ben J. Wattenberg, a demographic analyst at the conservative American Enterprise Institute in Washington, warns that the U.S. and other Western nations are not producing babies fast enough. Since 1957, writes Wattenberg in his new book The Birth Dearth (Pharos Books; $16.95), the average American woman's fertility rate has dropped from 3.77 children to 1.8 -- below the 2.1 size needed to maintain the present population level. Meanwhile, he argues, Communist-bloc nations are producing at a rate of 2.3 children per mother, while the Third World rate is rising...
Every boom spawns its prophets of doom, and the current bull market is no exception. Right now the most visible naysayer is a previously little-known economics professor named Ravi Batra. His eye-catching book, The Great Depression of 1990, has jumped to No. 4 in its sixth week on the New York Times' nonfiction best-seller list. At $17.95 a copy, it has been snapped up by some 175,000 buyers who are either curious or concerned -- or both -- about just how high the current boom can go before it turns to bust...