Word: expansionism
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Dates: during 1990-1999
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The hint of lower interest rates helped ease fears that the 7 1/2-year-old economic expansion, which has slowed to an anemic annual rate of less than 2%, might groan to a halt. The government offered further reassurance last week when it reported that retail sales rose a healthy 0.5% in...
Other parts of the country are also feeling a pinch. Cutbacks in defense spending have slowed the jaunty California economy. Defense contractors such as Lockheed, Northrop and McDonnell Douglas may dismiss as many as 20,000 of their 125,000 workers by year's end. And California agriculture, the state...
For the present, most economists predict that the expansion will reach its eighth birthday in November and continue at about a 2% rate through 1991. But that is cold comfort for many people. "The real issues are stagflation and stagnation," says David Hale, chief economist of Kemper Financial Services. "Instead...
Middle Georgia, Lars explained, was not a Soviet republic clamoring for independence. It was an expansion team that played games out of Macon, a small working-class Southern town.
Lars wasn't the only Middle Georgian returning to Massachusetts. Heat Wave Coach Lou Saban, a legendary motivator who has coached three pro teams, seven college programs and served as New York Yankees president under George Steinbrenner, landed his first pro job in 1960 with the then-Boston Patriots, an...