Word: excessive
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...impetuous '80s are over. The shop-till-you-drop gilded decade of excess, Rolex, baby millionaires and their legions of wannabes has given way to a new age of moderation and caution. Dynasty, meet Roseanne. In its June survey, the Conference Board, which every month measures consumer confidence across the U.S., found people more worried than at any time since 1987. The economic shock therapy that began with the Crash of '87 and continues with the $500 billion savings and loan debacle has given Americans a new appreciation of limits...
...purchases as investments. In Santa Monica, Calif., the local Lexus dealer cannot keep the $40,000 Toyota sedans in stock. Customers say the car is worth much more than its sticker price. Posh shops on Rodeo Drive in Beverly Hills continue to be packed. But the days of wretched excess have passed for most consumers. Some of the same folks who dropped expensive brand names like credentials last year are impressing their friends by rattling off discount outlets and off-price brands...
...goods -- clothing, household electronics, large items like autos -- could be sold at whatever the market would bear. This would absorb much of the $670 billion of savings "overhang" locked up in banks or stashed away at home because Soviet shoppers can find nothing worth buying. Sopping up that excess cash would make subsequent restructuring, from price reform to the convertibility of the ruble, less likely to produce hyperinflation...
...director for the space sailer being developed by a U.S. team at the World Space Foundation in Pasadena, Calif. "In the first hour, we may zoom ahead and pick up a yard. In one day maybe 100 yards." But the acceleration would continue, ultimately resulting in speeds far in excess of 100,000 m.p.h. -- and without expending a drop of rocket fuel...
...least 400 families control fortunes in excess of $100 million, but the real measure of wealth lies in its breadth and depth. More than 2 million people, many only in their 30s, are deutsche mark millionaires. This is the first German generation in this century to actually inherit wealth. "Earlier generations," says Edith Hartl, a self-made businesswoman in Munich, "were wiped out by Weimar inflation or war. Today's 30-year-olds are inheriting all the fruits of the economic miracle...