Word: growth
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Dates: during 1980-1989
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...obligations have been piling up for years in almost every cranny of the U.S. economy: Treasury bonds, corporate securities, household mortgages, consumer credit-card slips. Taken together, all the promissory pieces of paper have had a magical ability to help sustain one of the longest periods of economic growth in U.S. history. But as that expansion moves well into its 18th quarter, fears are rising about how long the magic can last. Suddenly, alarms are sounding louder than ever that those handy piles of debt are taking on the messy proportions of a potential crisis. Individuals, corporations and even Uncle...
...dominoes are not likely to fall in the immediate future, however. Looking at the economy's current performance, TIME's board members forecast a 2.9% growth rate in the gross national product during 1987. That compares with a 2.5% pace in 1986. The board's projection is even more optimistic than the average suggests, since it is based on the assumption that economic activity will pick up as 1987 progresses, ending the year at a 3.8% clip. Says Walter Heller, a University of Minnesota professor: "The winds of change are blowing...
...slyly enters Hughes' movies. In real life, questioning the adolescent social structure usually ends in baffled hurt, not instructive triumph. When Hughes' characters and situations are intensely enough drawn (as in The Breakfast Club), one scarcely notices such manipulation. But Some Kind of Wonderful has not attained its full growth. Thin, gulpy, awkward, it stands before us, artlessly begging sympathy but betraying its creator's worst weakness...
...annual rate in Brazil, the highest level ever for a country that was notorious for its triple-digit inflation earlier in the 1980s. As prices have leaped, interest rates have surged to more than 700%, dealing a devastating blow to business. Economists predict that Brazil's real growth rate will be cut in half this year, to less than 4%. The trade surplus, which provides the only cash the country has for paying interest, has dwindled from an average of $1 billion a month throughout much of last year to $129 million in January...
...college's slogan is "adult education through the fine arts." As Walker explains it, "We want to develop the whole person, and we use the elements of performance, music education, music therapy, drama, dance and art to enable our students to achieve new awareness, personal growth and change in their lives." She developed her approach while at Buena Park, where one of her students, Kuehn, was considered autistic and virtually untrainable. During a music period she mumbled under her breath, "Now what key do we do this song in?" Kuehn correctly piped up, "Key of G." His vocal training began...