Word: moring
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Dates: during 1980-1989
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Granted, building a home or installing a pool isn't exactly "spending" the way flying to Rio is -- the home has lasting value. But neither is it a productive investment that makes the economy more efficient and competitive for the future.
If prices come down and people feel poorer, consumer spending could slow a bit. Other factors may keep the economy humming, but one thing that's bound to slow is the turnover of houses. People are stubborn when it comes to selling their homes at less than they were counting...
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...
They will also be tapping the deep font of goodwill toward aging sports idols. The American male wants to keep seeing athletes do what they once did best. In golf, the senior circuit earns more money than the entire women's tour. Former tennis aces draw big crowds in their...
Such a metaphor is available in Driving Miss Daisy. If you look hard, you can find in this account of the 25-year relationship between Daisy Werthan (Jessica Tandy), a genteel Southern, Jewish matriarch, and her black chauffeur, Hoke Colburn (Morgan Freeman), a microcosmic study of changing racial attitudes in...