Word: producted
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Infact, Marcos first floated the possibility of early presidential elections at a K.B.L. meeting last August. At the time, the Philippine economy, now described by Filipino economic experts as a "basket case," was already in a severe tailspin. Foreign debt had reached $26 billion, gross national product was shrinking at an annual rate of about 5%, and underemployment was estimated to be 40%. An opinion poll taken by a private think tank with ties to the Roman Catholic Church, however, showed that 44% of the population was willing to credit Marcos and his ruling party with doing a good...
Because of the ongoing social unrest, private investment in Guatemala has been almost nonexistent during the past five years. Partly as a result, the gross domestic product will drop 2% to 3% this year. The combined rate of joblessness and underemployment climbed from 31% in 1980 to around 44% in 1984. Meanwhile, interest payments on Guatemala's $2.3 billion foreign debt consume roughly 40% of the country's export earnings...
...such a vote would have seemed unnecessary. Economic recessions came and went, prices continually climbed, but Americans always kept buying more and more cigarettes. Today, though, while the $18 billion tobacco industry remains very profitable, the element of predictability is gone. The industry is facing a spate of product-liability suits and, for the first time in its history, a period of declining consumption. Unit sales peaked in 1981, when Americans puffed on 640 billion cigarettes. By the end of this year, consumption is expected to be down 7% from that level...
...most visible trouble for the industry comes from about 40 product-liability suits in which cigarette manufacturers are charged with causing disease and, in some cases, death. Similar lawsuits have been around since the 1950s, and tobacco firms have always defeated any claims. This week in Santa Barbara County, Calif., Superior Court, a case comes to trial. R.J. Reynolds is the sole cigarette manufacturer named in the lawsuit, but tobacco makers are closely following the case. Says Robert Rukeyser, vice president of American Brands, maker of Lucky Strike and Pall Mall: "We take these suits very seriously...
...emphysema. He spent the last years of his life hooked up to an oxygen machine. According to his family's lawyers, Galbraith was once found removing the mask in order to take a quick puff. Galbraith's widow and three children are suing R.J. Reynolds for making a defective product...