Word: reals
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Dates: during 1980-1989
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...often requires expensive verification methods. Reducing conventional forces could save money, but not much: defense-budget experts from the Rand Corp. to the Congressional Budget agree that a 50% reduction in U.S. troops in Europe would yield savings of only $6 billion to $7 billion a year. Real savings would not occur unless troops based in the U.S. are demobilized, a politically unappetizing prospect because of its impact on local economies...
...about ecological threats make life uncomfortable for the activists, who fear that any apparent uncertainty will give policymakers an excuse for inaction. Critics respond that environmental false alarms have produced bad policy. While some naysayers are economists, industrialists and bureaucrats who view environmentalism as an irrelevant disruption of the real business of the world, others are sophisticated scientists who maintain that the U.S. should not risk its economic security to prepare for ecocatastrophes that might never come to pass...
...help support abortion services in China. Getting birth-control information and devices to the 2.5 billion people beyond the present reach of family-planning programs will require $8 billion annually, a $5 billion rise from current levels. In 1989 the U.S. contributed $245 million to such programs, less in real terms than in 1979. Unless America reverses its present policy, it sends a message to the world that the U.S. considers mass starvation preferable to the termination of unwanted pregnancies...
...difference is most dramatic at the top. Homes in Connecticut that shot up to $2 million may now fetch only $1.3 million. It's not so bad in the real world -- three-bedroom homes in my sunny but unfashionable Miami neighborhood that rose from $65,000 to $85,000 over the past two or three years are still $85,000. But the notion that real estate prices will always go up, once common knowledge, like the notion that grapefruits can be eaten only in halves, is finally subject to doubt. After decades of steadily rising prices, we could...
...sense this is good. (And of course it's very good if you don't yet own a house.) In the U.S., we need to invest relatively less on expanding our living space and more on retooling our factories. We need fewer real estate agents and more teachers, fewer mortgage brokers and more engineers. So if people get the notion they'll make more money investing in stocks and bonds than in homes -- good! To succeed long-term, we need to save a little more and consume a little less...