Word: grosse
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Dates: during 1980-1989
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...peso has lost more than three-quarters of its value against the U.S. dollar in the past ten months. In a country that reveled in growth rates of 8% or higher for four years, the economy has come to a virtual standstill. Next year will be even worse: gross domestic product is expected to decline 2% or more. The unemployment rate is between 10% and 15%, and rising. Another 1 million workers are expected to lose their jobs next year. Yet those figures, harsh as they are, understate the problem. According to Mexican labor leaders, 40% of the labor force...
...cure for Mexico's economic ills will involve still greater hardship. To repair its international financial position, Mexico has promised the IMF to slash its towering budget deficit from 16.5% of gross domestic product this year to 8.5% in 1983 and 3.5% in 1985. That will involve a painful pruning of personnel from the country's more than 1,000 state and quasi-government organizations, plus a sharp curtailment of Mexico's dense fabric of price subsidies. De la Madrid's announcement that he was lifting price controls on 2,700 items is only the beginning...
Role of Government. Reagan did not mince words in his Inaugural Address, "It is my intention," he said, "to curb the size and influence of the federal establishment." He has reduced the tax burden, from 21 % of gross national product in fiscal 1981 to 20.3% in the fiscal year just concluded, and loosened many regulations that business found onerous. But federal spending has actually increased from 23% of G.N.P. in 1980 to 24.2% now. Even social spending has risen slightly as a proportion of national output, despite Reagan's deep cuts in such programs as food stamps and school...
...virtually eliminated tariffs among Western nations. Partly as a result, postwar trade grew at an annual rate of almost 7% in real terms from 1948 to 1973. In the U.S. alone, an estimated 5 million jobs depend on foreign trade, while last year exports accounted for 8% of the gross national product, up from 4.1% in 1960. But since 1980 the continuous upward curve has turned around and begun to drop. No improvement is expected this year...
Family Ties (NBC, Wednesdays, 9:30-10 p.m. E.S.T.) offers two aging flower children (Meredith Baxter Birney, Michael Gross) raising a clan of three conformist offspring with wisdom derived less from Spock and Gesell than from Ozzie and Harriet. Gloria (CBS, Sundays, 8:30-9 p.m. E.S.T) brings back Sally Struthers from All in the Family and plunks her down in the sticks, with child, as an apprentice vet. Another show, The New Odd Couple (ABC, Fridays, 8:30-9 p.m. E.S.T.) has literally been here before. Oscar (Demond Wilson) and Felix (Ron Glass) are black this time around...