Word: flash
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Dates: during 1980-1989
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Among economic issues, the flash point of debate in 1984 was the federal budget deficit, which is expected to reach $200 billion this year. The deficit depressed Wall Street, alarmed businessmen and created a civil war among President Reagan's advisers. Treasury Secretary Regan argued that strong growth and spending cuts would take care of the budget gap, but Martin Feldstein, chairman of the Council of Economic Advisers, publicly maintained that a tax hike was needed. Said Feldstein, who resigned in July to return to teaching at Harvard: "The longer the deficits are allowed to persist, the greater...
...economy sent out encouraging signals of its own last week. The Commerce Department estimated that the gross national product grew 2.8% during the fourth quarter. That so-called flash figure exceeded expectations that growth would be in the 1.5%-to-2.5% range. At the same time, Commerce underscored the sharpness of the third-quarter slowdown by adjusting its estimate of that period's G.N.P. gain from 1.9% to 1.6%. The Government also reported that the November consumer price index rose at an annual rate of 2.7%, the smallest increase since June. Meanwhile, Americans' personal income rose a vigorous...
...ending of its predecessor. Working from Arthur C. Clarke's novel, Writer-Director Peter Hyams lets his movie waltz in place for an hour or so before enlisting the surviving members of the original cast (Keir Dullea, HAL 9000, the monolith) to help provide the inspirational capper. Flash: There is intelligent life in outer space. More, anyway, than in this amiable footnote of a movie...
...weight, however, only that it seems to be buckling under the pull of some nonspecific gravity. A woman who can work up a fail-safe two-line recipe for romantic bliss ("Make him some catfish/ Fry it up in bed") has humor to spare and no further need to flash her credentials for high seriousness. The same notion remains: if the next record comes faster, it ought to be even better...
...backstage story as entertaining as this deserves the best of punch lines: rave reviews, big business, Oscars all around. But The Cotton Club-the movie, not the gossip machine-deserves less. The volatile drama that attended its making rarely flares onscreen; working at flash point made no sparks fly. On even the calmest of sets, the premise would have shown promise: to blend the early talkies' two most popular genres, the gangster film and the musical, into a sort of Public Enemy Goes to 42nd Street or, modernized, The Godfather Gets One from the Heart. Why, then...