Word: gucci
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Dates: during 1980-1989
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...visitors journeying to the U.S. do not hesitate to spend money. Like Americans who stocked up on Burberry trench coats, Gucci loafers and Hermes scarves in Europe back when the U.S. currency was king, tourists in the U.S. are seizing upon a host of unbeatable deals made possible by the fallen dollar. Clothing, cameras and cosmetics are among goods that are often 20% to 30% cheaper in the U.S. than back home. Sometimes the savings can be even greater. A pair of Levi's 501 jeans selling for $76 in West Germany, for example, can be bought for less than...
What do an $800 Gucci briefcase, cosmetic surgery and a water slide have to do with spreading the Gospel? Nothing, the Internal Revenue Service ruled in effect last week as it revoked the tax-exempt status of PTL, the television ministry that supported the high living of Jim and Tammy Bakker. The IRS declared that PTL's business activities, including an amusement park, shopping malls and hotels as well as excessive payments to the Bakkers, served no ministerial purpose...
...growing number of shutouts, say admissions experts, is caused in part by ! ambitious parents who push their youngsters to carve too high on the academic hog. A name-brand college, says Steinbrecher, "has become a status symbol, like a Gucci shirt." Moreover, the crush of applicants from affluent white suburbs has created a generation of qualified look-alikes, all of whom simply cannot get in, especially when schools are seeking diverse student bodies. A third factor is what admissions people call the scalp takers: top students who sit on a fistful of acceptances, hogging places that might have been offered...
KEMP. He gave up the collar pin, but still sports a Gucci belt and tasseled loafers. Haig is runner-up with his sharply tailored suits...
...only factor in international buying decisions. Many U.S. goods simply do not satisfy foreigners' tastes or meet their quality standards; these products will not sell overseas even if they become cheaper. By the same token, American consumers partial to Toyota cars, Krups kitchen appliances, Rossignol skis and Gucci shoes will not easily be discouraged by price rises. In the case of the videocassette recorder, American consumers have no choice but to buy foreign, since U.S. manufacturers do not make the machines. Indeed, as long as the American appetite for imports remains, a perverse effect takes place: as the price...