Word: golde
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Dates: during 1980-1989
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...Antarctic waters for tiny crustaceans known as krill and for other seafood. Scientists suspect, but have not proved, the existence of uranium deposits similar to those located in southern Australia and South America, to which Antarctica was attached some 150 million years ago. The presence of other minerals, including gold and diamonds, is believed possible. But since most deposits would lie beneath an ice cap with an average depth of 1 1/2 miles, exploration or recovery is not currently feasible...
...Sadly perhaps, a presidential campaign should not be confused with adult education. Or to update an Ira Gershwin lyric, "Who cares what banks fail in Yonkers, it is the upbeat message that conquers." Look what happened to the Cassandras with apocalyptic new ideas. Jack Kemp's earnest seminars on gold-bug economics went the way of Pete du Pont's Iowa lectures on the evils of farm subsidies. Bruce Babbitt's budgetary bravery proved that press puffery persuades few primary voters. Dick Gephardt's political stock soared only after he softened his overheated it's-midnight-in-A merica rhetoric...
...acknowledges that "it's nearly gold-watch time for me" and discloses his retirement plans: "Teaching and preaching." He hopes to find a podium at his alma mater, Lehigh University in Bethlehem, Pa., where he is helping to raise $40 million for the Iacocca Institute, an industrial-policy center. Says he: "I'm going to try to be a cross between a savvy, street-smart guy and an elder statesman." In that sense, Talking Straight could turn out to be a future professor's best-selling textbook...
Many economists dislike earmarked taxes because they make public budgets less responsive as funding needs change. Another pitfall vexes Steven Gold, a tax expert at Denver's National Conference of State Legislatures: "Voters are sometimes misled when they support earmarking, because new revenue sometimes just offsets money the state was already spending." Nearly $500 million annual earnings from California's lottery are designated for public schools. Yet the schools' share of the state's budget has fallen by $443 million. That general-fund money not spent on schools is available for politicians to spend (or squander) on larger staffs, salaries...
Today's tourists are discovering a Turkey that transcends popular stereotypes. In Istanbul they jam the Topkapi Palace to gaze at the 400-room harem of the sultanate and to view its incomparable treasury of emeralds, diamonds, gold and ivory. They pack the Blue Mosque and the other masterpieces of Mehmet Aga, Turkey's great 17th century architect. Bargain hunters fill the cavernous covered bazaar looking for rugs, leather goods and gold. To the south, near Izmir, tour guides jockey for position at the ruins of Ephesus, where the main attraction is the Temple of Artemis, one of the Seven...