Word: poorer
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Dates: during 1980-1989
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...only antisaving, but inflationary and inequitable as well. Wrote Kuttner in his 1984 book The Economic Illusion: "The effect is to fuel ; housing speculation, drive up prices, and to disproportionately help rich people lower their tax bills. This has the perverse consequence of pricing housing beyond the means of poorer people, and at the same time it soaks up savings that might better be used elsewhere...
Those who still believe in the slogans see their faith tested daily. By every economic measure imaginable, the country has become considerably poorer since 1979. The purchasing power of the average person with a job has declined to less than 20% of what it was in 1980. Food and fuel are tightly rationed. A few weeks ago the gas allowance, obtained with coupons bearing a portrait of Che Guevara, was cut from 20 to 17 gal. a month. Earlier this year, the government-subsidized rice ration was reduced to 1 lb. a person a month, down from 5 lbs. three...
...many people watching stock prices plunge last week, that sense of security dissolved. "I feel a lot poorer today," sighed Bee Fitzpatrick, a New Orleans mother of two. Even if the market recovers some ground over the next few weeks, many people will still be uneasy about the future after seeing how far and how fast stocks can fall. As Columnist Robert Reno of Newsday, a New York newspaper, put it, "Nobody who has been on a falling elevator and survived ever again approaches such a conveyance without a fundamentally reduced degree of confidence...
...race is poorer without Hart and Biden, both [candidates] made very important contributions to the presidential campaign debates, and both will be missed," said Dukakis's Press Secretary Steven J. Akey...
...result? Same overall record, and a poorer Ivy slate...