Word: institutionalized
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Dates: during 1980-1989
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Moreover, economists discern some trends that could change the coast-vs.- heartland pattern. The big jump in defense spending that has benefited coastal states more than inland ones is over. Falling oil prices seem likely to help fuel-burning industries in the Midwest even more than they hurt the fuel...
In Washington some observers believe the heralded Iranian attack on Basra could turn out to be a false alarm. "Every year we hear the same thing -- now | comes the final offensive," says Thomas McNaugher, a Persian Gulf watcher at the Brookings Institution, "and every year it peters out." Nonetheless, the...
Hoover Institution,
His colleagues are more cautious about Protoavis' perch in the evolutionary tree, but most agree that it is a significant find. "It's hard not to make a bird out of it," says Paleontologist Nicholas Hotton III of the Smithsonian Institution. But he is reluctant to render a final verdict...
Yet the precise impact on the economy and even individual businesses remains uncertain at this point. "The tax code is so complicated and interacts with so many aspects of the economy that no one can really figure out what investments will be helped or hurt," says Barry Bosworth, an economist...