Word: marketed
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Dates: during 1980-1989
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...media market rife with three tabloid newspapers and half-a-dozen trashy local television news shows gobbled up the appalling incident and gave New York what they thought it wanted to see--the final showdown in a racial turf war that nobody could win, while ignoring the very real underlying problems which the incident represented...
...result, to use Ec 10 jargon, salaries, benefits and wholesale prices bear no relation to traditional market factors. For example, subsidized gasoline is sold to the public at seven or eight cents a liter when it really should cost between 40 and 50 cents...
...only does this mean that many Argentine industries are woefully uncompetitive on the world market, but also that the Argentine government invariably operates at a loss. In order to finance the massive fiscal deficits that inevitably result, the government simply orders the Central Bank, which lacks the autonomy to determine the money supply that our Federal Reserve has, to print more money. The inflationary tiger, once unleashed, proves awfully tough to tame...
...then appointed the selfproclaimed guru of free-market economics in Argentina, Alvaro Alsogaray, to be his leading economic adviser. Ignoring the opposition of the telephone unions, Menem gave Alsogaray's daughter the task of privatizing the state-run telephone company that has for years been ridiculed by Argentines, who have a host of horror stories to tell about how tough it is to make routine local calls...
Perhaps the best hope for the forests' survival is the growing recognition that they are more valuable when left standing than when cut. Charles Peters of the Institute of Economic Botany at the New York Botanical Garden recently published the results of a three-year study that calculated the market value of rubber and exotic produce like the Aguaje palm fruit that can be harvested from the Amazonian jungle. The study, which appeared in the British journal Nature, asserts that over time selling these products could yield more than twice the income of either cattle ranching or lumbering...