Word: rosee
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Dates: during 1980-1989
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...nation conjoined in July and August during an extraordinary event: the Summer Olympics in Los Angeles. There was a kind of magic about the Games, a brilliance of performance and setting, as if not only the athletes but the place itself and the weather, blue and golden, all rose to the occasion. Sometimes the crowds were gloatingly pro-American as the nation's athletes collected an overachieving 83 gold medals. There was a certain smugly triumphal mood in the stands that replicated the atmosphere of a Reagan campaign rally. At both events, young Americans broke into an overbearing victory chant...
Even the military is back--and honored. "Be all that you can be," says the Army. Some recruiting ads show young Americans tending killer technology, running their tanks as if they were video games, taking unashamed pride in the work they do. Applications to West Point rose from 9,180 in 1979 to 13,400 this year. The U.S. Naval Academy reports a comparable increase, and so do college ROTC programs...
...spent the next two years keeping that window open. A new federal rule allowing tax breaks for investments in research helped lure prospective backers. Sales climbed, the stock rose, and Greene launched another offering that sold 1.4 million shares at $26.75. Today Hybritech produces 40% of all the monoclonal antibody products on the market, notably diagnostic kits to test for allergies, pregnancy, prostate cancer and thyroid deficiencies. The company's sales went from $6.9 million in 1983 to an estimated $14.5 million in 1984, and its profit for 1984 will be $1.3 million...
...Politburo has dropped to eleven, the lowest count in more than a decade. Sokolov may be elevated to the Politburo, but he is not expected to wield the same power that Ustinov did. A professional soldier, Sokolov began his career in the tank corps in the 1930s and rose through the ranks to become a regional military commander and, eventually, the senior administrative officer of the Defense Ministry. Said a NATO diplomat in Moscow: "The appointment does not change the basic rule that policy is made by the civilians and executed by the soldiers...
...expectations that growth would be in the 1.5%-to-2.5% range. At the same time, Commerce underscored the sharpness of the third-quarter slowdown by adjusting its estimate of that period's G.N.P. gain from 1.9% to 1.6%. The Government also reported that the November consumer price index rose at an annual rate of 2.7%, the smallest increase since June. Meanwhile, Americans' personal income rose a vigorous .7% in November, while consumer spending climbed a healthy...