Word: leveller
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Dates: during 1980-1989
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...clearest indication that the economy might be expanding too quickly came two weeks ago, when the Labor Department reported that the unemployment rate fell from 5.6% in March to 5.4% in April, its lowest level in 14 years. While the drop was good news to anyone looking for work, many economists were alarmed because they believe that unemployment can fall only so far before inflation starts to accelerate. While no one knows precisely where this "trigger point" is, many economists think it is now no lower than 5.5%. During the Carter Administration, inflation accelerated sharply when unemployment dipped below...
...nearly 1 million U.S. college seniors who will don cap and gown in the next few weeks could not have picked a more propitious time to be venturing out of ivy-covered campuses and into the workaday world. With the U.S. unemployment rate at its lowest level in 14 years, companies large and small & are hungering for fresh talent from the college ranks. According to the Lindquist-Endicott survey of placement prospects, corporate America plans to hire 10% more seniors than it took on a year ago. A piece of sheepskin is fetching a better price: accounting majors, for example...
...moment the Post remains awash in red ink, but Kalikow predicts it will break even within three years. He also expects circulation to rise from its current level of 555,000 to 700,000, still well behind the Daily News's 1.2 million. Amsterdam says the pressure on her is not to make the Post profitable but to make it better. Still, that may be difficult because of the attrition of recent years, including the loss of two of the paper's most talented headline writers...
Panama's short-term ability to get by may be only forestalling severe economic setbacks. Orville Goodin, Panama's Finance Minister, predicted last week that the country's output of goods and services will shrink 20% in 1988 from last year's level. Tourism, which in 1987 brought in $187 million, is practically moribund...
...nuclear missiles aimed at Western Europe. To back up his claim, Helms distributed a chart showing missile estimates from the State Department, the CIA and the Defense Intelligence Agency. The figures all conflicted, but they had one thing in common: they were highly classified. "They were code-word, code-level items," declared Democratic Senator Brock Adams of Washington, meaning that the documents were restricted even beyond top secret. Yet as committee staffers fanned out to retrieve the missile chart from reporters, Helms insisted that the information was either unclassified or had appeared in news reports. A few days later...