Word: lowered
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Dates: during 1980-1989
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...opportunity act as both a model and a magnet for the rest of the world. In addition, foreigners are eager to gain access to the advanced fruits of American research and technology, as well as to enjoy the benefits of U.S. rates of corporate taxation, which are appreciably lower than elsewhere...
...cycle is still headed down: the 71-year-old company saw its domestic market share drop to 37.5% in July, from 41.1% in 1986. Last year's $2.9 billion earnings were 26% lower than those in 1985. Finally recognizing that its vaunted $40 billion investment in high technology would not reduce overhead as much as had been hoped, GM turned to more direct cost cutting and indefinitely laid off 50,000 hourly workers. The 335,000 union members who remain at GM are convinced that the austerity process is not finished, and that a job-security contract may thus...
...could control. But Roh, Chun's hand-picked choice as his party's candidate, gave in to popular demands for free elections after a wave of student protests last spring. Roh stood fast, however, on a number of other demands made by opposition leaders. He refused to agree to lower the voting age from 20 to 18 and rejected calls to establish a popularly elected office of Vice President...
...they invented the counterculture, teenagers of the early '60s like Baby Houseman (Jennifer Grey) had to make do with just culture. So she gets three weeks with her family at a resort in the Catskills. Bo-o-o-ring! Baby's only hope is that Johnny (Patrick Swayze), the lower-class hunk who teaches dancing, may notice her. In a picture that never makes a move the audience has not anticipated two scenes back, wish soon becomes reality. Johnny initiates Baby first into his erotically charged (if anachronistic) dance style, then into the joys...
...McLean, Va., post office. The image on the stamps was an austere candlestick; the inscription read AMERICA'S LIGHT FUELED BY TRUTH AND REASON. At CIA headquarters in Langley, a clerk , noticed that an orange halo that should have surrounded the candle flame was instead printed in the lower right-hand corner. The curiosity was shown to several co-workers; one of them was a philatelist who realized that the misprints were collectors' items...