Word: productive
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Dates: during 1980-1989
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Whether the disease will be passed from one member of a population to another is the product of two risks: (1) that an infected person will come into contact with someone who is not infected, and (2) that whatever they choose to do together is capable of transmitting the infectious agent. In practical terms, "low risk" behavior may become "high risk" as the infection becomes more common...
...prime indignity for airline customers is to be bumped, or denied a reserved seat, because the carrier has booked too many passengers on a flight. Overbooking is a product of fare wars; because airlines are collecting less per seat, they want to ensure a full load to make a profit. The practice of overbooking crops up in other businesses when managers want to make the most of a prime-time rush of customers. At peak times popular hotels and restaurants sometimes bump customers who show up even modestly late for their reservations...
Byerly's. In the 19 years since Don Byerly, now 47, opened his first store in the Minneapolis suburb of Golden Valley, he has almost never publicly advertised a product or price. "We spend the advertising money on service," he explains. The payoff has been impressive. There are seven Byerly's outlets in the Minneapolis area, and an eighth is under construction. Sales for the chain reached $135 million last year, and are expected to climb to $150 million in 1987. Byerly analyzes his success this way: "The only reason people will come back to our store is because...
...tide of imports has badly hurt domestic production. Along with its fourth-quarter figure, the Commerce Department announced last week that growth in the gross national product was a sluggish 2.5% in 1986, the lowest rate since the 1981-82 recession. The slump in the dollar's value, though, could prove to be less than a cure for that malaise. As the dollar falls and import prices rise, U.S. inflation could be rekindled. That in turn could lead to an increase in U.S. interest rates, which would hardly stimulate the economy and might blight the stock market's further advance...
Aside from the virile platitude about the waste product in the air- turbulence apparatus, the exchange seems rather stilted for a chairman of the Federal Reserve Board and a distinguished authority on international finance. But then, much needs to be explained if the reader is to share in the panic. Why are two unappealing Venezuelan brothers plotting to wreck the U.S. economy? What fearsome weapon does the Third World wield? How much do Swiss banks and European money houses have to gain at America's expense...