Word: risen
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Dates: during 1980-1989
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...company thrives, ESOP participants can grow a nest egg far beyond the means of most wage earners. At Quad/Graphics, which prints hundreds of catalogs and magazines, including a regional edition of TIME, the value of ESOP shares has risen from 6 cents in 1975 to $5 currently. The company's 3,500 workers own 18% of its stock, with the prospect of eventually acquiring an additional 12%. In the case of Stone Construction Equipment, a small firm in Honeoye, N.Y., company heir Alan Stone no longer wanted to run the operation, so he sold it two years...
Blacks, by contrast, have made few economic or political strides. Since 1980, black unemployment in Dade County has risen to 10.4%, and the jobless rate for Hispanics has dropped to 5.8%. While Cubans have expanded their ownership of small businesses, Miami has one of the smallest black professional classes of any city its size. In recent years 70,000 hardworking Haitian immigrants have also begun to carve out a niche for themselves. Says Marvin Dunn, a black psychologist who co-authored a study of the 1980 riots: "A larger and larger segment of the black community is falling farther...
These are heady days as well for the U.S. dollar, which has risen 4% against the West German deutsche mark since the beginning of the month. The run-up is a side effect of rising interest rates, which the Federal Reserve has allowed to climb as a means of preventing inflation. But the U.S. and most European central banks decided last week to restrain the dollar by intervening in the currency markets. Reason: U.S. progress in narrowing its trade deficit is likely to be hampered by too strong a currency, since it increases the prices -- and reduces the competitiveness...
...After two days of giant street protests by as many as 100,000 workers and students in the city of Titograd last week, the entire state and Communist Party leadership of the Republic of Montenegro tendered its resignation. The people responded by dancing in the streets, chanting, "Montenegro has risen" and "Down with armchair politicians...
...Soviet Union's winter of discontent is caused partly by the predictable functioning of the capitalist law of supply and demand. Soviet salaries have risen an average of roughly 8% over the past three years. Meanwhile, production of big-ticket consumer items like refrigerators and automobiles has been increasing at a much lower rate. As a result, says Yuri Luzhkov, chairman of the state committee responsible for Moscow's food supply, "people are investing their new money in food" -- and, in the process, creating the current spate of product shortages. Jan Vanous, research director of PlanEcon, a Washington-based think...