Word: marketing
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Dates: during 1980-1989
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Homes can still be a good investment -- much of my own money is in real estate, and so is much of the money of most of the successful stockbrokers I know (they sell stocks; they buy real estate). Even if there are fewer baby boomers entering the new-home market, the population continues to grow, and as it becomes wealthier, it will want more living space. So don't buy the new conventional wisdom unreservedly. But even in Los Angeles, where the whole point is to spend more than you can afford, rising values are no longer a given...
...leading foreign policy analyst concluded bluntly, "We should help those in the Soviet Union who are doing the right thing." But is Gorbachev really a convert to those ideals we consider the "right things" -- political pluralism, individual rights and a free-market economy? Whoever believes that will believe Santa Claus is bringing my grandchildren the $150 Nintendo sets I am buying them for Christmas...
...high-tech wash cycle that often takes less than 48 hours, drug smugglers can turn cocaine-tinged bills into such squeaky-clean assets as money-market deposits and car dealerships. One danger: drug lords and other lawbreakers are believed to be buying valuable chunks of the American economy. Andrew Tobias on the impact of falling housing prices...
...getting to a point where Gorbachev and his colleagues will have to make some fundamental choices, all of them very difficult and all of them pregnant with dangers. He will either have to accelerate perestroika, really pushing it forward in the direction of pluralism and the free market, or he will have to engage in severe repression of the non-Russians...
...Instability is likely to prevail in Eastern Europe for years to come, but for all its problems, the region has a far better chance of building democratic institutions and a market economy than the Soviet Union, which lags decades behind its former satellites...