Word: expansionism
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Dates: during 1980-1989
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Doing Well. West Germany boasts one of the world's lowest inflation rates. But the country's consumer prices will probably rise by 5:6% this year-twice the January 1979 rate-largely because of its near total dependence on high-priced foreign oil. To combat this problem...
The program "was very positive and broad," said C. Edward Acker, chairman of Air Florida, a small airline. "I wasn't expecting so much." Otto Eckstein, a member of TIME'S Board of Economists, declared: "I think the President has made a complete reversal of his economic policy...
Prices have plunged so sharply in recent months that even the most credit-worthy of borrowers are finding it tough and extremely costly to raise money. The result: less spending on plants, schools, roads, hospitals and other private and public projects. This will have a broad impact on U.S. society...
The fight actually began well before Three Mile Island. The nuclear power industry, like utilities generally, was hurt by a slowing expansion in the demand for electricity as the population growth rate stabilized. Perhaps more important, the cost of building nuclear reactors has more than doubled, partly because of inflation...
Not only does this practice make the Carter Administration's concept of a "moral foreign policy" about as useful as old "Whip Inflation Now" buttons, but it tends to have serious backlash effects. When people in Tehran, Managua, and elsewhere see their neighbors gunned down by government troops using American...