Word: majoring
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Dates: during 1980-1989
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Reflecting his fragile alliance with the Khmer Rouge, Sihanouk pointed to the communist ultras as a major stumbling block to peace and reminded journalists that they killed five of his children and 14 grandchildren during their reign of terror...
...Looking ahead to the next twelve months, 72% expected conditions to stay the same or improve, while just 24% of those polled saw the economy getting worse. Asked about their spending plans in the coming year, 65% said they thought it would be a good time to buy a major household item -- a refrigerator, for example, or a television...
Some of the optimists expect the expansion to be kept afloat by three major forces: exports, housing and capital spending. No one thinks exports will repeat the explosive growth of last year, when sales abroad jumped nearly 30%, thanks largely to a declining U.S. dollar. One reason U.S. firms should find receptive markets overseas is that the economies of Western Europe and Japan are still rapidly expanding. European Community members are expected to sustain 3% growth in 1989, and Japan is likely to show a 5% gain for the fiscal year ending next March...
...billion in debt, could be among the first to feel the pinch. According to a study conducted for a group of junk-bond issuers by the economic consulting firm Data Resources, 1 out of every 8 will default if the economy falls into a soft landing. A major recession could produce a 1-in-5 default rate over five years. This year some $3 billion worth of junk bonds either have defaulted or were forced into a restructuring. The failure rate is well ahead of last year, when about $4 billion in junk bonds collapsed during the entire twelve months...
...first major U.S. museum show of contemporary Japanese art in more than two decades, artists look at nature and at the making of art in unexpected ways...