Word: excess
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Dates: during 1980-1989
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...amuse yourself with the film's budget, which some say was $63 million -- with about a quarter of that going to Sylvester Stallone. The producers insist that the excess was nowhere near so wretched, but Rambo III is still probably among the most expensive movies in history. So you naturally get to thinking that for such an investment the filmmakers ought to be able to come up with some scenery or spectacle more entrancing than sun and firelight glinting off Sly Stallone's ever rippling muscles...
...Wait," I protested. "First of all, Harvard doesn't need my money. It has assets in excess of $4 billion. I can't even use the automatic teller without getting into negative numbers...
Reagan thought OPEC was finished. The cartel began to self-destruct in the early 1980's when internecine squabbling and cheating on production quotas rendered it powerless to prop up oil prices. Combined with Carter-era conservation programs, excess production led to a world-wide glut. The price of a barrel of oil fell by one-third, ushering in the economic recovery of the Reagan...
Much of the excess demand can be traced to the federal budget deficit, which is expected to rise from $150 billion in 1987 to $165 billion this year. By pumping up the economy, the deficit encourages spending on imports. At the same time, the federal red ink helps keep interest rates high, which discourages investment in the plants and equipment needed to produce American goods that could be exported or substituted for imports. Says Investment Banker Felix Rohatyn: "Whatever we do on trade is a sham, a complete waste of time, unless we begin to tackle the budget deficit...
Although no one disputes that Chesapeake Bay and other coastal ecosystems are becoming dangerously polluted by excess nitrogen, not all experts agree that acid rain plays a key role. David Cohen, a spokesman for the U.S. Environmental Protection Agency, believes the contribution of nitrogen oxides "is much lower than 25%." EPA scientists suspect that agricultural runoff and the dumping of industrial sewage are far worse culprits...