Word: growed
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Dates: during 1980-1989
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This spring the U.S. became a debtor nation for the first time since 1917. Raymond Dalio, a Connecticut-based economic consultant, estimates that the country's net foreign debt could grow to $1 trillion by 1990. At home, consumers remain hefty borrowers. Installment loans, which account for 22% of household borrowing, jumped 21.3% during the twelve months that ended last April, the largest gain since the 1950s...
Like individuals, companies borrow to keep up with the Joneses. The debt that it takes to remain competitive can grow particularly heavy when corporate profits are low, as they have been for the past year. Even Pan American World Airways, which sold its Pacific routes to United in April for $750 million, will soon have to borrow more to acquire a new fleet of fuel-efficient jetliners. The company expects to assume more than $1 billion in obligations when it starts taking delivery of 28 European-built Airbuses...
...debt that worries economists most is the federal budget deficit. It threatens to grow at the staggering annual rate of $200 billion for the rest of the decade. Attempts to slow down the borrowing, like the currently deadlocked budget negotiations in Congress, seem futile. The deficit, warns Manuel Johnson, assistant treasury secretary for economic policy, "is a symptom that Government is spending beyond its means. Ultimately, if it continues to do that, it will force the private sector to finance that spending by having to pay higher taxes or having to tolerate higher inflation or higher interest rates." The Constitution...
...median age: 23) and highly fertile population. Yankelovich found that 54% of all Hispanic households consist of four or more people, vs. only 28% of all U.S. families. They keep coming too in such numbers that even if all illegal immigration could be stopped, the Hispanic population would still grow. Some 42% of legal immigrants are Hispanic, and they follow the classic pattern of sending for spouses, children and parents once the first family member has established a home...
...city's three major network affiliates in reaching young adults during certain important time periods. "When I came to this station in 1963, I was told it was a dead-end business because Hispanics would assimilate," says General Manager Daniel Villanueva. "But our audience has done nothing but grow...