Word: risen
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Dates: during 1980-1989
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...more frightening for depositors are bank failures, which have risen sharply in the deregulatory era. Last year 138 banks collapsed, a post- Depression record, and as many as 200 are expected to go under this year. One reason for the shake-out is that the high cost of attracting deposits has forced banks to seek higher-paying, and thus riskier, loan ventures. What bankers think they need to survive amid the financial-services hurly-burly is even more deregulation, namely the repeal of the Glass-Steagall Act, the Depression-era law that forbids them to underwrite securities. Opposing that proposal...
...music-video channel is in no danger of demise. MTV is now available in 35.8 million cable homes, up from 2.5 million when it started. Though the number of viewers at any given time is relatively small, advertisers continue to seek MTV's desirable teenage audience. Net revenues have risen steadily (from $71 million in 1984 to $111 million in 1986, according to industry figures), and last year MTV turned a profit of $47 million...
Appealing to the pocketbook vote, the Tories underlined their achievements in a slick 26-page electoral pamphlet and in a flood of positive statistics. Among the gains: two-thirds of Britons own their homes today, up from 50% when Thatcher assumed office. Car ownership has risen from 54% to 66%. The number of Britons who are stockholders has almost tripled, from 7% to 20%, and the number of those who consider themselves to belong to the middle class has increased from 30% of the population to roughly 50% over the past eight years. Inflation has been cut from...
...Paso, Texas. Today things are, to put it mildly, different. Factories in booming Juarez (pop. 1.1 million) are assembling everything from computer keyboards to windshield wipers for companies throughout the U.S. Meanwhile, unemployment in El Paso (pop. 547,000), where oil refining and clothing are major industries, has risen from 17,500 in 1980 to nearly 23,000 in March...
Escalating interest rates could easily stall the economic expansion, and there are signs that more hikes are on the horizon. Last week several leading banks boosted their benchmark prime lending rates to corporate customers from 8% to 8.25%, the second time in two weeks that the key rate has risen. The housing industry is particularly vulnerable to high interest rates because home sales depend on available and affordable mortgages. But no sector of the economy will remain unscathed if rates keep rising...