Word: investments
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Dates: during 1990-1999
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...firm in San Francisco, is thrilled to be making $70,000 a year but can't figure out when to take a vacation, let alone have a baby. Lynn Andel, an advertising writer in Crestwood, Mo., isn't sure whether to buy life insurance to protect her kids or invest in stocks for her retirement. In this climate, it is easy to find people like the Jorjorians in affluent Wilmette, Ill., who are raising two children and finding it tough to get by on their $170,000 joint income. Their life-style is comfortable but hardly extravagant. They drive...
...want to go a step further and invest in backup hardware such as a Zip drive. Lastly, resolve to install an anti-virus program. They are freely available on the Harvard network and can save you much pain...
...Japan Inc. model, which has been adopted to varying degrees across East Asia, relies on the body politic's accepting the dictates of a meritocracy chosen from society's best and brightest. When the technocrats decreed that the economy needed vast amounts of capital to invest in development, the citizens did not protest, even when cajoled into saving upwards of a fifth of their incomes. On this ocean of funds, the economic mandarins launched one industrial battleship after another, directing banks to back companies in industries that offered the most potential for growth. Profits be damned too--market share...
Someday, perhaps. But first we will have to invest heavily in new, energy-saving technologies. It may make economic sense to pay more for a new car, furnace or solar panel that will save money and energy in the long run, but it is hard--for both individuals and companies--to sacrifice current profit for future gain...
Part of Clinton's plan calls for the U.S. government to invest in such technologies as solar cells to drive the cost of production down, and to offer tax breaks to companies that do the same. But such measures would have to get past a hostile Congress. Americans proved during the oil-price shocks of the 1970s that they can get interested in energy efficiency when prices shoot up; if anything can curb greenhouse-gas emissions, it is the free market. Unfortunately, the price of oil in constant dollars is close to what it was in the car-happy 1950s...