Word: reform
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Dates: during 1980-1989
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...cashmere sweaters and compact-disc players, many are having doubts not only about this month's expenditures but also about their whole philosophy of buy, buy, buy. The October stock-market crash and the likelihood of an economic slowdown next year have rekindled the feeling that Americans must reform their spendthrift ways. "Consumers are so far out on a limb," declares Economic Consultant A. Gary Shilling, "that the crash has shocked them into an agonizing reappraisal of their conduct...
...interest they pay on installment debt. "Certainly there was no excuse for allowing this," declares Economist Rudolph Penner of the Urban Institute. That provision, which made it easier for taxpayers to rationalize running up big balances on their credit cards, is being phased out under the 1986 tax-reform...
Rsponding to these concerns, Spence said thereis really "no way to change" this problem. "Thereis a frustrating pace to reform," Spence said...
...meeting next week in Washington, smarting from a long string of setbacks that have raised grave questions about his ability to exercise leadership during the final 14 months of his term. The 56-year-old Soviet General Secretary, despite some troubles with conservatives over the pace of his domestic reform program, arrives Monday for his first visit to the U.S. as a strong and confident leader exercising unquestioned authority in foreign policy -- indeed, as one who could be running the Kremlin long after the Reagan Administration has passed into history...
...hard-line Kremlinologist who advises Reagan agrees. "While they are not united on domestic policy, except in the need for some kind of reform, they are united on foreign policy," he says of the Soviet leaders. "They really do need a grand detente, and Gorbachev has a considerable mandate to get it." In particular, Gorbachev seems to have the support of the Soviet military. Marshal Sergei Akhromeyev, chief of the Soviet general staff, accompanied Shevardnadze to the meeting in Geneva and, by Shultz's account, was a "key person" in working out the verification measures that clinched the INF deal...