Word: interest
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Dates: during 1970-1979
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...Interest rates are nearing their peak, and, though they will continue to rise for the next month or two, they will begin to level out or decline by summer...
During the recession, TIME'S economists expect, the real gross national product will decline by only 1% or 2% before recovering next spring. Still, that will be enough to weaken loan demand and cause overall interest rates to turn down. The economists expect the banks' prime lending rate to rise from the present 11¾% to 12½% or 13% in early summer, and then decline, perhaps sharply. Thus, the stock market should rise later this year. Wall Street rallies often begin during recessions...
...even more exuberant because the baby boomers are themselves the children of inflation, born with credit cards in their mouths and oriented toward spending rather than saving. They are part of the instant-gratification, self-indulgent Me generation, which has a taste for high-priced gadgets and little interest in self-denial...
Ford Motor Co. managers estimate that the 35 to 44 age group, with its interest in outdoor leisure pursuits, buys 25% of all vans and pickups. These consumers want fuel-efficient cars-but also fancy extras like air conditioning and stereo. Says Louis W. Stern, marketing professor at Northwestern University: "That age group wants the outward visible things that say, 'I have made it and I want to live comfortably...
This is Michael Winner's annual exercise in violence and stupidity. The brutality, by the standards of the director who brought us Death Wish and The Sentinel, is relatively mild. It lacks his usual slavering interest in gore, grotesquery and sadism-though there is one signature episode in which a man is tortured by being doused in blood and dunked in shark-infested waters. One must add, however, that Winner has perhaps exceeded him self in witlessness...