Word: go-go
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Against that backdrop, the TIME Pacific Board of Economists gathered in Tokyo for its third annual meeting to assess the region's economic performance and prospects. The board members reported that East Asia is enjoying its most spectacular growth since the go-go years of the 1970s. Japan, the area's industrial giant, is cruising at a 5% to 6% annual pace, while fast-rising South Korea, Singapore, Taiwan and Hong Kong are expanding at supercharged rates in the 7% to 10% range. Even China, which a decade ago was an economic backwater, is growing...
...them love Lauper? Because she's funny, and she writes good music. They love the Go-Go's, too, and dress like them, with big funky spiky hanging earrings and huge, bright-colored sunglasses...
...consider ourselves the Go-Go's of the literary world," Stillman says...
...paid off. Neither candidate has risked specifying all the budget cuts he would propose. When it comes to raising revenues, Reagan is sticking to the supply-side idea that, as the economy grows, tax collections will increase enough to stanch much of the red ink. Mondale believes that the go-go economic expansion is being bought with excessive Government debt that will drive up interest rates and, sooner or later, taxes...
...Reconstruction Finance Corp. rescued Continental after a series of bad Depression loans. Continental later regained prosperity and helped turn Chicago's downtown financial district on LaSalle Street into the futures-and commodities-trading capital of the world. But trouble returned as a result of the bank's go-go lending during the 1970s. Under former Chairman Roger Anderson, who was eased out last February, Continental lent freely for oil and gas drilling, condominium development and Latin American projects; many of the projects went bust. The biggest blow came in September 1982, when Oklahoma City...