Word: expansionism
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Dates: during 1980-1989
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Like a remarkably rugged, durable automobile, America's economy has motored through some of the harshest possible conditions without losing its momentum. The recovery has dodged hazards ranging from the October 1987 stock-market crash to last summer's drought. The longevity of the expansion, one of the Reagan Administration...
Yet like any aging vehicle taken to its limits, the recovery is now prone to overheating or breaking down. And the road ahead is not going to get easier anytime soon. In a TIME survey of ten economists in the U.S. and several others in Japan and Europe, a consensus...
The optimists, including Kudlow and Data Resources' Wyss, believe U.S. businesses will support the expansion by investing a healthy amount in capital improvements. The Commerce Department last week estimated that U.S. companies last year spent $426 billion on new plant and equipment, an increase of more than 10% from 1987...
No, the Crimson didn't become the National Hockey League's newest expansion club. Instead, Harvard traveled to Scandinavia and faced four professional teams from Sweden and Finland in a seven-day, four-game exhibition tour.
But the Soviet leader may face a potential conflict between his desire for a cleaner environment and his hopes of rapidly raising the living standards and / consumption levels of his people. Without careful pollution control, boosting production will befoul the environment even more. And money that goes into antipollution equipment...