Word: expansionism
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Dates: during 1980-1989
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For months, portents have flashed across the financial heavens, feeding expectations of renewed vigor for the sluggish world economy. The price of oil has been in free fall, lifting a multibillion-dollar burden from industrialized and Third World countries. International interest rates have been dropping steadily, clearing away yet another...
Specifically, TIME's economists estimated that growth in the U.S. GNP will rise from a trough of 2% in the second quarter to 2.5% in the second half of this year. In 1987, however, they expect the rate of expansion to dip again to ( 2%. Western Europe is likely to...
Until then, Washington's position was that the debt burden--some $415 billion owed by 56 African, Latin American and Caribbean countries alone--could be reduced through the adoption of tough austerity measures by the debtors under the supervision of the International Monetary Fund. At Seoul the so-called Baker...
Sentiment scotches the wit in "About Last Night," an expansion and dilution of David Mamet's 1974 one-acter Sexual Perversity in Chicago. Written as a series of blackout scenes involving two working-class pals and the two young women they fancy, the play was rancid, funny and dead-on...
At a time when several struggling retail chains, including Gimbels and Ohrbach's, are closing their doors, St. Louis-based May Department Stores seems to be thinking only of expansion. Last week May, which operates 2,206 outlets, proposed a friendly merger with Associated Dry Goods, a New York City...