Word: homely
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Dates: during 1980-1989
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...Under Chairman Alan Greenspan, the Fed has engineered the slowdown by nudging up interest rates for more than a year in hopes of keeping inflation in check. Since May 1988, the prime rate that banks charge major corporate customers has climbed from 8.5% to 11.5% and fixed rates on home mortgages have risen from about 10% to 11.5%. Yet while the tight money has clobbered housing and other big-ticket items, inflation poses a serious threat. If Greenspan vigorously pushes interest rates higher to combat that threat, he risks a recession; if he tries to ease up just enough...
North of Yuma, east of the Colorado River and smack in the middle of nowhere, Quartzsite is not an official town. Never incorporated, possessing no mayor, no schools, no stoplight, no town water or sewer system, no zoning rules or local police, the "gem of the desert" is home year round to maybe a thousand people...
...People can't figure out why we're out here and why we aren't bored," says Gerry Bloomquist, enjoying the sunset with her neighbor Mary Lueth. Back home in Minnesota, the Bloomquists and Lueths live an hour apart; here in the desert they live at either end of a laundry line. "Oops, there's our noise for the day," cracks Gerry, looking up at four Army helicopters...
Neither alternative has been satisfactory. American schools, for instance, are often a year or two behind their Japanese counterparts in critical subjects such as math and science. This handicaps U.S.-based Japanese students when the time comes to compete for spots at Kyoto University and other elite institutions back home...
...body politic; the wildly successful British advertising business may be to the Thatcherian age what imperialism was to the Victorian. But here Robinson sets down his hot satirical lance and slaps a soppy poultice of preachment onto the end of his movie. It proves to be a 19th century home remedy for an ailment he has convinced us may be curable only by more up-to-date and radical means...