Word: paces
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Dates: during 1980-1989
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Unemployment is near a 14-year low. Inflation has been cut to about a third of its pace in the early 1980s. Interest rates are only half as high as eight years ago. The U.S. economy shrugged off the October 1987 stock-market crash to record a sixth straight year of growth, a feat unprecedented during peacetime. So why, given the fact that pocketbook issues eventually dominate almost every presidential campaign, is George Bush not running away with the election...
Last week the slow pace of Soviet reform helped provoke the largest and most dramatic Kremlin shake-up since Gorbachev took command three years ago. In a meeting of the 300-member Central Committee called by Gorbachev with lightning speed, a series of retirements, reassignments and promotions swept out most of what remained of the Old Guard and strengthened the Soviet leader's control over the ruling Politburo...
...some of the personnel changes were, Gorbachev's major coup was pushing through a scheme to slash and rearrange the Central Committee bureaucracy from some 20 departments to at least six. That streamlining sent a clear message to conservatives that the party chief was determined to pick up the pace of perestroika and make bold changes at the very top. Said Gorbachev on Saturday, at a special session of the 1,500-member Supreme Soviet (parliament) called to ratify the party changes: "The people understand our difficulties but demand more decisive and energetic efforts...
...serious trouble. Last week a party plenum meeting in Beijing's Great Hall of the People approved measures designed to cool down an overheated economy and reduce an annual inflation rate that is officially conceded to be 19% but may be as high as 30%. As a result, the pace of price reform in China for the next two years is expected to slow significantly...
...orchid gardens, this is Gatsby territory, a place of retreat. But in his work Geoffrey Beene is not interested in insulating himself or in evoking a Pololand of faux nostalgia and privileged period froufrou. Since he began his own label in the spring of 1963, Beene has kept a pace and set a standard that has made him, gradually and quietly, one of the most intrepid of fashionmakers...