Word: maintainance
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Dates: during 1980-1989
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...prolonged pay squeeze? By the early '80s, American wages in many sectors were ripe for attack because they remained too high in relation to industrial paychecks in the rest of the world. The porous U.S. economy made such an imbalance impossible to maintain as domestic goods suffered from an invasion of bargain-priced products from countries with lower wage scales: textiles and steel are prime examples. High unemployment during the recession of 1981-82 gave companies more leverage to seek wage concessions or at least hold the line. The newest challenge to wages has been the economy's takeover frenzy...
...challenge as the pendulum starts back in the current re-regulatory climate will be to maintain a sensible balance. Says Swartz, the railroad president: "The question should be, 'At what point do regulations become no longer instructive, and entirely counterproductive?' " The Constitution's framers, notes Richard Epstein, University of Chicago law professor, were "deeply suspicious of government." But after the experiences of the early 1980s, today's legislators will be wary of too little government as well...
Some constitutions are born of disaster. After World War II, Americans played a key role in drafting charters for the defeated nations of Japan and West Germany. The Japanese charter declares that the country will never again make war or maintain an army, navy or air force. As a result, Japan spends only about 1% of its gross national product on defense, freeing the economy for more productive purposes. Ironically, the U.S. is pressing the Japanese to boost defense outlays...
Elegance is usually an imposition, a set of mannerisms employed by the swells to cover their emptiness and maintain their distance from us plebeians. Fred Astaire's achievement -- no, his glory -- was that he made elegance infectious. He democratized and Americanized the word most overused to describe himself...
...reports on rock groupies. "We have changed directions," says MTV Entertainment President Tom Freston, successor to MTV Founder Robert Pittman, who left last fall to start his own media company, "from focusing on music alone to including life-style, the way people look, feel, dress. The challenge is to maintain freshness...