Word: saverse
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Dates: during 1980-1989
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Even sobersided economists accept that there is something odd about the Italian experience. A recent scholarly study, The Italian Miracle, does smack of the supernatural compared with the German miracle, which was 99% hard work. But there are rational elements. Italians are great savers, squirreling away 15% of income, much...
In the end, depositors stayed calm, even though some chafed at the idea of the cost of the bailout. "Honestly, it's the stupidest thing I've heard," said Leroy Scrues, a Detroit retiree. "Why should the public be paying for these rich peoples' mistakes?" Yet legislators and savers were...
Consumer advocates have been campaigning in recent years to get companies to eliminate tropical oils. Last fall Phil Sokolof, founder of the National Heart Savers Association, fired the strongest salvo yet in the ongoing battle. He began placing full-page ads in leading newspapers lambasting U.S. food processors for "the...
They need not have worried: the deals are back -- and bigger and bolder than ever. Last week top executives at RJR Nabisco stunned Wall Street by proposing what would be the biggest takeover in U.S. history: a $17.6 billion leveraged buyout by management of the tobacco and food conglomerate. (Among...
Dukakis has tried hard to make an issue of the middle-class squeeze. He has proposed programs to relieve specific discontents. One would give students the rest of their lives to repay their college loans; another would require employers to buy health insurance for 22 million workers who have none...