Word: jump
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Dates: during 1980-1989
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...Stanley likens the initiation to "trying to jump onto a spinning merry-go- round: you close your eyes and leap." Leaping into the Inaugural preparations, she discovered that "finding out which orchestras will play at which balls is almost as tricky as finding out which staff members will follow James Baker to the Treasury." Stanley also learned that even the most picayune details of pomp get top-level attention. "At one planning meeting," she reports, "I overheard the chief of Inaugural operations tell White House Adviser Michael Deaver how multicolored confetti could be made to stick to a ballroom floor...
...just one tax rate (33%) for corporations. Most middle-class tax breaks, including charitable gifts, mortgage interest on vacation homes, and the fabled three-martini lunch, would be eliminated or severely limited. In fiscal 1986, individual taxes would go down 5.9%, and business taxes would jump 25%. Consistent with Reagan's insistence on a "revenue-neutral" plan, the Treasury's total take would stay about the same...
...women also looked strong in the field events and distance races. Junior Jackie Boudreau and senior Janet Judge took first and second place respectively in both the triple and high jump, while Co-Captain Mariquita Patterson and junior Theresa Moore took those very same sports in the long jump. Not to be outdone, the distance corps won the 880, mile and 5000-meter competitions...
...loudest cheers over the brightening outlook came from Wall Street, where stocks had been sliding. On Tuesday the bulls broke loose again: the Dow Jones industrial average jumped 34.78 points, to record its best gain since Aug. 3; and more than 169 million shares changed hands on the New York Stock Exchange, making it the sixth heaviest trading day ever. Said Harry Laubscher, a Paine Webber market analyst: "The bears had Thanksgiving, the bulls Christmas." After the big jump, profit takers moved in, and the market dropped for three straight days. Nonetheless, the Dow Jones average ended the week...
...news for American firms, though, is that all the 1984 growth comes from imports, especially from Taiwan. While U.S. bikemakers expect to sell 6 million cycles this year, down from 6.3 million a year ago, imports will jump from 2.7 million in 1983 to 3.7 million in 1984. Foreign-made brands now account for nearly 40% of U.S. bike sales...