Word: productive
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Dates: during 1980-1989
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Spending. Reaganauts are agreed on their goal: to reduce the deficit from the current 5% of gross national product to what is regarded as a manageable 2% of G.N.P. in 1988. With tax increases ruled out by the White House and the economy now in a slowdown, precluding a rapid expansion of revenues at present tax rates, there is only one means to dry up red ink: spending cuts even more drastic than the Administration won in 1981. Stockman's recommendation, faced with these all but absurd options, was to slash estimated outlays by $45 billion the next fiscal...
...question still haunts businesses and consumers: Has Volcker's rescue mission come too late to save the recovery? Growth in the gross national product, after adjustment for inflation, plummeted from an annual rate of 8.6% in the first half of the year to only 1.9% in the July-September quarter. And bleaker news may lie ahead. The Commerce Department announced last week that the index of leading economic indicators, a barometer of future growth, fell .7% in October. It was the index's third decline in the past five months...
...into the '70s. But wait--inside the silver casket is a picture of Ronald Reagan, and we are suddenly reminded of the '80s Rossman heaps anachronisms on top of anachronisms, from Portia's touch-once telephone to Jessica and Lorenzo's bout with marijuana, and the product gives the audience a queasy and disorienting trip through decades and centuries...
...books are real, and they are the product of a process that outgoing Secretary of Education Terrel Bell has labeled the "dumbing down" of study materials for U.S. classrooms. Significantly, in a study at Harvard of sample texts and standardized test scores for Grades 1,8 and 11, Reading Expert Jeanne Chall discovered a correlation between textbook quality and learning. "We saw that in the years SAT scores went down," she says, "the year before, textbooks had also declined," The roots of dumbing down go back to the 1920s, when schools began systematic testing of students and concluded that...
...difficult to steal programs, as barriers to the free flow of information. Other hackers, however, protested that anyone who spends thousands of hours writing a program deserves to earn royalties on it. Said Robert Woodhead, co-author of a best-selling game called Wizardry: "My soul is in my product...