Word: productive
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Dates: during 1980-1989
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Lamberti, found at 11:30 p.m. Saturday night steaming hot dogs at his stand, goes to great lengths to emphasize the legitimacy of his product, seldom found outside the Windy City. The two partners have toured the Vienna hot dog plant, sampled the wares of innumerable Chicago hot dog "restaurants" with names such as "Poochies," "Fatso's," "Bumpkin's" or "Herm's," and even worked a street stand to learn how the culinary creations are made...
When Toyota unveiled its sleek new line of luxury cars last week at auto shows in Detroit and Los Angeles, nervous company officials stood by with rolls of tape. Their task: to cover up the new product's name, Lexus, if a three-judge appellate panel in New York City barred Toyota from using it. Not until the judges permitted the name to be used, at least through Jan. 30, did the Toyota employees return to wholehearted sales pitches for the stylish car, which will compete in the $20,000-to-$40,000 price range...
...Soviet Union's winter of discontent is caused partly by the predictable functioning of the capitalist law of supply and demand. Soviet salaries have risen an average of roughly 8% over the past three years. Meanwhile, production of big-ticket consumer items like refrigerators and automobiles has been increasing at a much lower rate. As a result, says Yuri Luzhkov, chairman of the state committee responsible for Moscow's food supply, "people are investing their new money in food" -- and, in the process, creating the current spate of product shortages. Jan Vanous, research director of PlanEcon, a Washington-based think...
Many American beef growers maintain that European meat is more dangerous than the U.S. product. While conceding that some American feedlot operators have been cited for improperly administering approved hormones, the U.S. growers point out that the E.C. ban has fostered a thriving black market among European cattlemen in older, more dangerous compounds like DES. Some growers inject their herds with illicit drugs to cut costs. Last week a Belgian consumer magazine reported a survey of 500 butcher shops in which 25% of the hamburger samples tested contained DES and other illegal chemicals...
...economists forecast that the U.S. gross national product, after adjustment for inflation, will grow a poky 2.3% in 1989, down from an estimated 2.8% last year. The economy will slow as the Fed's tightening grip on the money supply pushes up interest rates. At a growth rate of about 2% or less, most economists think the U.S. can expand without getting out of balance. "This is a slowdown the Fed can be happy with," says David Wyss, chief financial economist for Data Resources...