Word: growth
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Dates: during 1980-1989
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...plight of Latin America's middle and lower classes is a radical reversal from the sunny days of the 1960s and early '70s, when the region's rapid economic growth offered the hope of broad-based prosperity. When the countries' heavy debt burdens triggered inflation and stagnation in the 1980s, most Latin American families began sliding rapidly into hardship. This year Mexico's annual inflation rate is running at 17% (down from 52% last year), Argentina's, 3,500% (up from 388%) and Brazil's, 1,600% (up from 934%). Perversely, the rich have helped perpetuate the economic malaise...
...years environmentalists and loggers have quarreled over the fate of "old- growth" forests in the Pacific Northwest. Conservationists contend that cutting the ancient trees on federally owned land in Oregon and Washington State threatens the habitat of the endangered spotted owl, which lives only in old-growth forests. The lumber industry objects that a ban would devastate the timber-based economies of the region. Last week George Bush signed into law a compromise hammered out by a congressional conference committee. It prohibits sales of timber from areas where the spotted owl dwells, but permits 7.7 billion board feet of wood...
Griffin adds that his two years in Germany gave him "a tremendous personal growth--spiritually, emotionally and socially...
Such coordination is sorely needed because Wall Street has become an ever more volatile place. Deregulation and the growth of computerized trading have left the stock market vulnerable to violent swings. "People have to get used to the idea that at certain points 5% to 10% declines are possible in today's highly automated markets," says John Phelan, chairman of the New York Stock Exchange. Yet even some Wall Street insiders have had misgivings. Warns Edward Yardeni, chief economist for Prudential-Bache Securities: "A 7% drop in the Dow Jones index is destabilizing to individual investors, and we need them...
After years of red-hot growth, the industry is maturing. Companies are launching more products, yet few are truly innovative. -- But Compaq's new laptop is likely to score...