Word: expansionism
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Dates: during 1980-1989
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-- Recommended dramatic expansion of experimental income-contingency loans that allow students to repay debts at rates linked to their income.
On the other hand, no less a figure than Liberal Economist John Kenneth Galbraith, writing in the January Atlantic Monthly, warns of parallels between the current breathtaking stock-market expansion and the pre-Crash era of 1929. Maintains Galbraith: "The question now, in the winter of 1987, is whether the...
When the bulls made yet another return at year's end, they owed thanks once again to the Fed. "There is a lot of fresh money in the marketplace," said one happy Wall Street broker last week -- and Volcker's current policies get much of the credit for its presence...
The FAA's Engen says the country urgently needs more airports and runways. But airport expansion around many major cities is almost prohibitively expensive and politically difficult if, indeed, suitable land can be found. This seems mostly a dream.
The fact that LACMA has made a new wing for modern and contemporary art its main sign of growth suggests that it falls in direct competition with MOCA. But LACMA's director, Earl ("Rusty") Powell III, brushes this aside. Robert Anderson, he points out, urged Arco to give $1 million...