Word: institutionalize
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Dates: during 1980-1989
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At the same time, external forces have conspired to sap the city's corporate strength. In the past six years 23 of the city's 50 largest public companies have disappeared in a flurry of mergers and acquisitions. Ill-advised loans to Latin American countries backfired on BankAmerica Corp., once...
The tragedy and accompanying speculation obscured much of the reason the essay had hit such a raw nerve. Traditionalists now constitute a surly minority among England's ranking churchmen, and their complaints are echoed by many within the dwindling ranks of Anglican churchgoers. The Church of England, as the Times...
U.S. consumers are socking away only a token portion of their paychecks. Measured as the percentage of after-tax income that is not spent, the U.S. personal saving rate dropped from 9% in the mid-1970s to 5.1% in 1985 and a shocking 2.8% in the third quarter of this...
Poland is not the only East bloc nation facing hard economic times. Rumania, where living standards are even lower than in Poland, appears likely to begin suspending payments on $2.2 billion worth of debt to the World Bank to protest that institution's policy of adding the costs of currency...
And so the Japanese save and save and save. The typical family has about $61,000 put away, which amounts to 1.7 times the average annual salary. The most popular places for Japanese savings are the more than 23,000 branches of the government's Postal Savings Bureau, even though...