Word: eightfold
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Dates: during 1980-1989
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...result, domestic manufacturing is soaring. From 1982 to 1988, color television production jumped from 70,000 units a year to 1.3 million, while the output of black-and-white sets increased almost eightfold, to 4.4 million. Refrigerator and car production has also mushroomed, softening Indian resistance to borrowing. That means boom times ahead for a fledgling consumer finance business that, according to J. Rao, Citibank's chief executive officer in India, has skyrocketed from zero to $1 billion in just three years...
...federal sting was disclosed in January, the exchanges have scrambled to put their houses in order. Disciplinary actions at the Board of Trade have jumped to 119 so far this year, from 55 in the same period last year. During that time, member fines at the Merc have increased eightfold -- to $1.9 million. The day after the indictments were published, the Board of Trade announced it would initiate a $1 million upgrade in its computerized surveillance program as well as triple its minimum fines to $250,000. The Merc's chief, Leo Melamed, pledged "to put the fear...
...chairman since 1984, the daring new policy highlights his emergence as the country's most influential banker (see box). By making such a turnabout on the loans, Reed is moving out of the shadow of his predecessor and mentor, Walter Wriston, who was largely responsible for Citicorp's eightfold expansion between 1967 and his retirement. Wriston was also the premier spokesmen for the go-go lending policies of U.S. banks in the 1970s. Even though to some extent Reed's current action repudiates his former boss's strategy, most bankers think Wriston would have done the same thing. So does...
...strategy, buying media, and polling. These firms get paid by the candidates for electioneering services, and then paid by private clients to lobby the Congressmen they have helped elect. In the trade this cozy arrangement is known as double dipping. Special-interest giving to federal candidates has shot up eightfold since 1974, from $12.5 million to more than $100 million by the 1984 election. Nonetheless, PACs can give no more than $5,000 to a single campaign, and all contributions are publicly filed with the Federal Election Commission. "Elections are so expensive that the idea of a PAC's having...
...last decade, legislators have become regular customers of political action committees, the only contributors able to meet the high cost of political campaigns. In 1974, 608 PACs gave $12.5 million to congressional candidates; by 1984, 4009 PACs were donating $110 million, more than an eightfold increase. House members received, on average, 41 percent of their campaign funds from political action committees, according to Common Cause. The small individual contributor (now almost a romantic fiction) carries little political significance when matched up against the Sunkist PAC, which promises $5000 for every campaign...