Word: growth
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Dates: during 1980-1989
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...clear reason for his decision. Since the presidential campaign season has grown increasingly long, he said, "anything I do or say now will naturally be seen through the lens of 1988." He concluded that "the best way to advance the values you and I share--peace on earth, economic growth at home and compassion for all Americans--is to be a United States Senator, and not a candidate for President." At a Boston press conference the following morning, a more relaxed Kennedy quipped, "Well, here I don't go again." He repeated his contention that the issues he cares about...
...three-year-old economic recovery is vulnerable to a host of debilitating troubles. Growth has been going on for so long that an unexpected development like poor Christmas sales or a falloff in auto production could tip the economy into recession. After good growth of 3.4% in 1983 and 6.6% in 1984, the U.S. economy in 1985 expanded just 2.4%. Nonetheless TIME's Board of Economists offers an optimistic forecast for American business, predicting steady if unspectacular growth in the coming year. Board members declared that the economy will move forward and avoid a recession...
...forecasting moderate growth for next year, board members assumed a continued downward drift in the foreign exchange value of the dollar. The U.S. currency has already fallen 17.5% since it peaked last February. The highflying dollar was the primary cause of a huge trade deficit because it made American exports expensive for foreigners and imports cheap for U.S. consumers. Last week the Commerce Department reported a $33 billion shortfall between America's exports and imports for the third quarter. By year's end the trade deficit will probably reach $145 billion. As the dollar weakens, the deficit should diminish. Said...
...growth of debt to finance mergers, takeovers and other moves is perhaps the most dangerous side of the recent rush to consolidate. Federal Reserve Chairman Paul Volcker has warned that the borrowing is not "compatible over time with economic and financial stability." Warren Buffett, an investor with large holdings in Capital Cities and other firms, is blunt: "One day junk bonds will live up to their name." Many economists and businessmen believe that the U.S. cannot have a strong economy if it is based on companies burdened by too much debt...
...whole, cheap oil has far more positive effects than negative ones. Says Robert Ortner, chief economist for the Commerce Department: "It is a very potent boost for the economy." Since energy costs make up about 10% of the Consumer Price Index, smaller oil bills provide the economic elixir of growth without inflation. Many businesses get a huge profit lift from lower energy costs. The airline industry, for example, saves $110 million for every 1 cents drop in jet-fuel prices...