Word: growth
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Dates: during 1980-1989
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...economic engine that drives the private sector is responsible for Massachusetts' economic growth and low unemployment," said Hyatt, whose only previous campaign was his 1984 loss to Christopher Atkins for a seat in the U.S. House...
...industrial countries came to a happy meeting of minds last week about the direction in which interest rates should go: down. For months Treasury Secretary James Baker has been exhorting other governments to stoke their economies by lowering their rates. One reason: healthy growth in other countries will boost U.S. exports. Last week Baker got some results. The West German central bank lowered its discount rate, the amount it charges on loans to other financial institutions, from 4% to 3.5%. Japan then announced a similar cut, its second since January. Hours later, the Federal Reserve Board dropped the U.S. discount...
Lower interest rates, and the faster growth they bring, will be a welcome tonic for the U.S. economy. Last week the Labor Department announced that unemployment jumped in February from 6.7% to 7.3%. Most of the increase, however, occurred in three states: California, Texas and Illinois. California's farm economy was disrupted by recent floods, Texas' oil business was decimated by falling petroleum prices, and Illinois lost many manufacturing jobs...
Even so, the Reagan Administration can claim some victories, notably in starting to control the growth of trafficking in the cocaine corridor of Florida and the Caribbean. "We are having a major impact on the supply side," declares John Lawn, chief of the federal Drug Enforcement Administration. The South Florida Task Force, launched by President Reagan in March 1982 and headed by Vice President Bush, has brought more personnel and high-tech gear to the task. AWACS-type aircraft and three tethered balloons --soon to be eight--provide radar to help authorities keep track of nearly every plane and ship...
...show of force in South Florida has resulted in much faster growth of the smuggling business at other border crossings and landing strips from San Diego to Portland, Me. Smugglers' jets equipped with long-range fuel tanks now bypass Florida's notorious narcs and land instead in South Carolina, Tennessee or even New York's Long Island, which puts the product only a few miles from Manhattan's penthouses and discos. The influx has prompted New York Governor Mario Cuomo to assign 200 more officers to drug-enforcement squads...