Word: ores
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Dates: during 1980-1989
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...crazes and entrepreneurs sometimes come together with timing worthy of the Great Wallendas. Such was the case with the fitness mania and Phil Knight, 43. His company, Nike Inc., of Beaverton, Ore., now designs and sells $500 million worth of shoes a year. Nike sells shoes for jogging, basketball, tennis, football, baseball, soccer, volleyball, wrestling, hiking and even just walking...
Nike Inc. essentially grew from there pushed along mainly by Knight's marketing savvy. Knight and Bowerman came out with a shoe they had designed in time for the 1972 Olympic trials that were held in Eugene, Ore. They got marathoners to wear them and proudly advertised that Nikes were on the feet of "four of the top seven finishers." Nike's ads neglected to mention that runners wearing West Germany's Adidas shoes placed first, second and third...
...fall, it is not clear that Reagan will suffer much politically. Interviewing the jobless across the nation last week, TIME correspondents found relatively few who blamed the President for their plight. Rudy Barker, 62, was laid off in 1980 from his job at a lumber mill in Willamina, Ore., and he has not worked since then. "All this started before Reagan," he says. "It's been coming on for the last two or three Presidents." Says Samuel Ehrenhalt, Middle Atlantic regional commissioner for the Bureau of Labor Statistics: "A lot of people are just not ready to call...
Since losing his job as a forklift driver at a mill in Molalla, Ore., last August, James Wittig, 35, has been scrambling for a job. He applied to work as an exterminator and tried to land a job laying gravel. "I'll try anything, but there's nothing," he says. "If there's a job open in Oregon, there's at least 100 people trying to get it." Wittig's wife works as a cook for $360 a month to support him and their two children, but it is not nearly enough. Says Wittig...
...rubles that can be used only to settle bills within the Soviet-bloc Council for Mutual Economic Assistance (Comecon), some of it in hard currencies that can buy goods or pay debts in the West. But the Soviet Union also supplies its allies with oil, natural gas, iron ore, cotton, timber and other commodities, all at prices below those prevailing on world markets. In exchange, the Kremlin buys Czech shoes, Polish machinery and Rumanian textiles that are too poorly made to sell in the West. According to Jan Vanous, a specialist on Soviet-bloc economies at the Wharton Econometrics Forecasting...