Word: productive
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Dates: during 1980-1989
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Asian countries, along with the U.S. and Western Europe, complain bitterly that Japan does not buy enough of their products. The Japanese piled up trade surpluses last year of about $1.7 billion with Thailand and $6 billion with Singapore. Student protesters in Thailand have circulated letters to their countrymen with a blunt warning: "Do not be a slave to Japanese goods." In his August speech, Malaysia's Mahathir noted that 84% of his nation's exports to Japan consisted of oil, wood, tin and other raw materials. Said he: "We cannot and will not remain merely hewers of wood...
Shortly before Connecticut-based Coleco Industries introduced its Adam home computer in June 1983, the company's stock shot up ten points in a week, going from $41 to $51. The product looked like a winner. It would cost only $600 at a time when comparable equipment sold for about twice as much. With a gentle jab at a competitor, Adam was going to bite the Apple. But sales foundered when the machine turned out to be plagued with glitches. Even a price cut to $499 and several new features were not enough to save the product. Coleco President Arnold...
Within hours of the explosion, Prime Minister Bettino Craxi convened a special meeting of government officials in Bologna to discuss the crime. The attack, the Prime Minister said, was the product "not of madness but of something more: a diabolical logic that directs itself against our country...
When the U.S. Food and Drug Administration gave Hybritech clearance in May 1981 for its first commercial product, a diagnostic test for allergies, the firm was still "losing money like crazy." But Greene decided to go public, hoping to sell 2 million shares at $20. In the two months it took to organize the sale, the market plunged; Hybritech sold only 1.2 million shares at $11. "A window was slamming shut," Greene recalls...
Early in 1984, though, the economy seemed unstoppable. For the first half of the year, growth in the gross national product, after adjustment for inflation, reached 8.6%. Some economists feared that so exuberant an expansion ) would cause inflation to accelerate. To prevent that, the Federal Reserve Board in the spring tightened the money supply and let interest rates rise. The prime rate, which banks charge for corporate loans, climbed from 11% in March to 13% by June...