Word: growth
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Dates: during 1980-1989
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...spending, unlimited imported gewgaws and privatization of the obligations of community. Even as the nation's economy retreated in the face of the Japanese challenge, Reaganite gospel clung to the illusion that the cavalry would ride to the rescue in the last reel in the form of painless economic growth. "Maybe," muses a former White House adviser, "it is impossible in our time for a President to be both inspirational and candid with the people...
...plans. Vuitton expects to introduce new pens, watches and silk scarves in the fall, and its Givenchy- perfume subsidiary is readying a line of health-care and makeup products. Moet intends to market moderately priced sparkling wines in Spain and Australia. As such projects unfold, Moet Vuitton's enormous growth potential may provide Chevalier and Racamier just enough incentive to keep their company together...
...released. While it showed that the unemployment rate climbed from 5.3% to 5.4% during July, largely because of a surge in the number of teenagers entering the work force, the figures also indicated that the economy had created 283,000 jobs in the month, a sign of strong growth. One other worrisome sign appeared last week, when the Government reported that wholesale prices rose at an annual rate of 5.7% in July, up from a 2.2% rise...
...Boston harbor mess indeed predates Dukakis. A system largely designed in the 1950s to give rudimentary treatment to sewage simply could not cope with rapid growth in the Boston area, and the Metropolitan District Commission, charged with maintaining the sewage system, was a nest of political cronies. "It was a place that employed everybody's cousin," recalls former Republican Governor Francis Sargent. As early as 1972, Sargent had committed the state to cleaning up the harbor, but had to fight a recalcitrant MDC every step...
...explosive growth worries some Western financial experts, who fear the boom could go bust. If that happened, investors with heavy losses in Tokyo could be forced to pull money out of other markets, triggering another crash. Japanese stocks are already trading at astronomical prices in comparison with the profits of the companies that issued the shares, at least by American standards. On the New York Stock Exchange, such price-earnings ratios run about 15 to 1, while in Tokyo the multiples are often four times as high. Nippon Telegraph & Telephone trades at 158 times its earnings. "Japanese authorities have allowed...