Word: highes
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Dates: during 1980-1989
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...Department of Health and Human Services, the number of Americans using illicit drugs at least once a month dropped from 23 million in 1985 to 14.5 million last year. Even more striking, the number of cocaine users has dropped an estimated 50%. "Illicit drug use remains much too high," said DHHS Secretary Louis Sullivan. "But the dramatic declines ((show that)) attitudes are changing...
...infusions of cash and care paid off. The high school graduation rate has risen from 73.4% to 77.5%, and the percentage of students going on to Arkansas colleges, just 38.7% in 1982, has grown to 44.5%. All this has helped Clinton, 42, a boyish-looking Rhodes scholar with presidential ambitions, earn a national reputation as a wizard of school reform. "I feel real good about where we have come in the past 6 1/2 years," says the Governor...
...Risk report warned of a "rising tide of mediocrity" in U.S. schools, average combined scores on the Scholastic Aptitude Test (SAT) have risen only slightly, from 893 to 904. Despite a 46% jump in the average amount that local, state and federal governments spend per pupil, the percentage of high school students who graduate has actually dropped, from 73.3% to 71.1%. "We are standing still," Education Secretary Lauro Cavazos said in May, as he unveiled a report showing a tenacious lack of progress in public education...
...1980s, LBOs zoomed in annual volume from about $250 million in 1980 to nearly $45 billion last year. The buyouts included household names like R.H. Macy, Beatrice, TWA and Safeway Stores. In such deals an investor group, often headed by a company's own executives, uses bank loans and high-interest junk bonds to buy a firm and take it private. Almost without exception, the group immediately slashes costs, lays off workers and sells divisions to reduce debt; the managers may eventually reap huge profits by selling the streamlined company back to public investors...
While no more than 5% of LBOs have so far been failures, an economic downturn could sharply raise the number of casualties. Warned Manuel Johnson, vice chairman of the Federal Reserve Board, in a June speech: "If there were a significant negative shock to the economy, high debt levels could lead to a succession of bankruptcies, causing a crisis of confidence." Johnson estimated that roughly 40% of all leveraged deals are in cyclical industries that are "more likely to run into trouble in the event of a severe slump...