Word: risen
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Dates: during 1980-1989
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...summer travel season gets under way, many Americans are suddenly feeling nostalgic for the airfares they paid just a vacation or two ago. Since January, ticket prices have risen an average of more than 15%, inducing a form of sticker shock in consumers who have grown accustomed to deep discounts in the decade since airline deregulation. But the kind of cutthroat competition that produced those fares is fading fast. After a severe shake-out in which some 214 airlines disappeared or merged into hardier carriers, the industry is concentrated in fewer hands than ever before. Gone from the runways...
...research and set out to find a new generation of superstar drugs. The antibiotic Rocephin, which had worldwide sales last year of $445 million, is currently the firm's largest-selling product. Valium, though, remains the second-best seller. Last week the company reported that 1988 profits had risen to $389 million, up 33% from the previous year, on sales of $5.3 billion. Now that Hoffmann-La Roche no longer lays claim to the title of the world's most expensive stock, Gerber hopes he can find the prescription for more growth...
Club fees have jumped as well -- although nowhere near the staggering levels paid in golf-crazy Japan (the most expensive: $2.5 million for the Koganei Country Club near Tokyo). In Highland Park, Ill., for example, initiation fees at the Exmoor Country Club have risen from $8,000 to $25,000 in the past five years. Memberships at some private clubs in the Los Angeles area cost more than $50,000, and $2,500 annually thereafter. But so far, golf aficionados are willing to pay those prices. Fore...
...some excess properties even in Northeast states like Massachusetts and Connecticut. "What you're dealing with is the aftermath of , a massive speculative excess. It tends to drive down the value of all real estate," says Austin-based banking analyst Alex Sheshunoff. To make matters worse, mortgage rates have risen a full percentage point in the past year, to an average 11.5%, which has stalled home sales and depressed residential- property values in many areas...
...said the local government would cut its contractual ties with Exxon as a supplier. In California a lawsuit was filed that accused the oil company of boosting gasoline prices to help pay the cost of cleaning up the spill. Across the U.S. average gasoline prices since the spill have risen more than 8 cents per gal., to a three-year high of more than $1.04, at least partly because of the interruption of shipments from the Alaskan pipeline...