Word: marketeers
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...factories, and through their immense human resources: manpower and discipline. One shadow over the New Long March, however, is doubt that the primitive Chinese economy can rouse itself to meet the price. One freewheeling guess is that the Four Modernizations could cost $800 billion by 1985 The Chinese consumer market may be a long time in developing. Despite all the current capitalist visions of the new market opening up on the mainland, it may be years before the Chinese can afford to pay for all they want. Among other things, Chinese oil reserves, on which Peking heavily counts to earn...
...negligee or even a velour shirt (both went well this winter). Better yet, a Fendi sable coat (Bergdorf's catalogue sold three at $18,500 apiece), a $500 cashmere robe or any ornament made of gold, the invaluable metal that fetched some $220 an ounce on the London market last week. Tiny gold pendants in the shape of oil barrels went for $850 and solid gold nuggets for $950. Tiffany's diamond-studded gold watch was a bargain. Its price...
...Assuming Bush substantially cuts the guaranteed benefits paid by the government each year to retirees (he has so far avoided actually saying he would do this), he can reduce the long-term cost of the program. And if the stock market continues its historical rate of return of 7 percent a year (or even if it gains a more modest 4 percent a year), such cuts would be painless because most beneficiaries would retire with more money than they would otherwise receive under the current system. Giving workers private accounts should also help boost the currently dismal national savings rate...
...gamble If stocks do not continue to rise (a very real possibility considering how high current stock prices are relative to company earnings), workers would be stuck with lower benefits. If large numbers of retirees lose money in the market, there will be pressure on the government to bail them out, forcing a future administration to choose between precipitating a fiscal crisis and ignoring the struggling elderly. Even if the market stays strong, some people are bound to retire and cash out their holdings in a bear market (historically, nearly one out of every four years has showed negative stock...
...ensure that more seniors do not fall into poverty. Bush vows to preserve the existing safety net for survivors and disabled workers but, so far, he does not guarantee a high enough safety net for poorer workers, or for those who do not fare well in the stock market...