Word: expansionism
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Dates: during 1970-1979
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Investors searching for hints about the market's future also rely on a P/E statistic: the composite ratio of the 30 blue-chip stocks in the Dow Jones industrial average. Since the 1930s this figure has gone below 10 only during severe bear markets, and above 20 only in overexuberant...
Its major priority will be the development of Siberia as a military and economic bulwark against Chinese expansion. To this end, Russia has asked Japan for $1.5 billion to help develop Siberia's vast oil and gas resources, which would give the Japanese both a financial and a political...
Expansion. One solution would be to reduce the hostility to airports by changing the nature of airplanes. If a much quieter plane could be developed -and engine manufacturers are beginning to muffle the thunder of the biggest new jets-then the major complaint against airports would be removed. Similarly, the...
In the interim, existing airports could be expanded-though at immense expense. At Newark International, the total bill for expansion was a staggering $400 million, or more than double what it cost to build the field in the first place. Land is the most expensive element, mainly because airports usually...
Even better, the planners have made the new airports into more pleasant places for air travelers-and shortened the long voyage home as well. At the $250 million Kansas City International, which was dedicated last month, Architects Kivett and Myers designed three almost circular terminals, with as many as 19...