Word: fallen
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Dates: during 1980-1989
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...since I was 13." But high school was an improvement. "I had friends, sort of." She was a cheerleader, she was popular with boys, and best of all, she was the star of all of the high school musicals. She had seen The Music Man on Broadway and had fallen in love with Star Barbara Cook. Now at 15, she won the Cook role of Marian the librarian...
...until now, the dollar's strength has had a mostly positive impact on the ailing U.S. economy. Since last year the inflation rate has fallen from 12.4% to under 9%. Economists believe that the dollar's surge may have caused as much as half of that decline. Says Charles Schultze, who was President Carter's chief economic adviser: "The dollar's appreciation is undoubtedly putting downward pressure on inflation...
...high value of the dollar, U.S. businessmen going abroad no longer need to take along a CARE package of cash. The annual survey by Britain's Financial Times reports that London, which last year was the most expensive destination in the world for an American, has fallen to 26th place among 100 major business cities. The cost of bed and breakfast at a first-class London hotel is now only $91.02, as compared with $137 in 1980. Brussels, fifth on the list last year, has plunged to 30th place...
Even Tokyo, which two years ago boasted the world's highest prices, has fallen to 13th place. Paris, which is in third place, retains its reputation for haute cuisine and haute prices. A dinner for two at a top restaurant costs $127.72. But, says Richard Rahn, chief economist for the U.S. Chamber of Commerce: "It is now possible not only to travel to Paris but also to have dinner there...
...loans were made at banks, while the financial subsidiaries of the auto companies (General Motors Acceptance Corp., Chrysler Financial Corp. and Ford Motor Credit Co.) had only 24% of the business. By early this year, according to the National Automobile Dealers Association, the banks' share had fallen to just 35.9%, while the car companies had garnered 42% of the market. The GMAC loan volume has increased from $12.8 billion in 1978 to an annual rate of about $20 billion this year...