Word: shrinkly
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Dates: during 1990-1999
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Enter Santa, dressed as the GDP. Late in the week, with both sides still struggling to close the deal, a bounding U.S. economy closed it for them. The Congressional Budget Office quietly informed budget negotiators that the economic boom would produce an unexpected surge in tax revenues that would shrink the deficit by an estimated $225 billion over five years. As if to confirm it was not a mirage, evidence of the economy's strength kept emerging all week. First came news that during the first quarter, gross domestic product was up 5.6%, the biggest gain in a decade. Then...
...voters to reject increased taxes and public spending as the solution to rising unemployment. "If we want to affirm ourselves as a great economic and political power, equal to the dollar and the yen," the president said, "France must adopt the euro in 1999 and see its budget shrink." The president is gambling on winning early elections before enacting a new round of highly unpopular belt-tightening. Recent polls are not encouraging: One survey reported that 53 percent of the French electorate would vote against Chirac and his party...
...litigation would require an act of Congress. Tobacco firms and plaintiffs also reportedly differ on the total compensation by about $100 billion. And anti-tobacco activists may not like the deal, TIME's Bruce Van Voorst notes, feeling that the industry should be made to suffer and made to shrink. But as Kadlec notes, lawsuits are ultimately about compensation, and this may be the best deal the plaintiffs are going to get: "The plaintiffs will never be able to put the cigarette companies out of business. The industry has all the money it needs to keep the battle going...
...health-insurance revolution has reached adolescence. After more than a decade, managed-care plans--with their incentives for doctors to hold down treatment costs--cover about half the population. Fee-for-service plans--with their equally problematic incentives for doctors to provide too much costly treatment--continue to shrink. The result has been a welcome reduction in the runaway growth of medical costs and, for many people, simpler, better coverage of their real needs. But as in any adolescence, there are signs of rebellion. An ominous backlash has begun...
Extracurricular activities have mushroomed nearly out of control in the last decade or so, as the blurbs allotted to each in The Unofficial Guide annually shrink. The result is that interests have so diversified that the student body is becoming somewhat balkanized, with students forming almost every type of interest group under the sun, and with each tub on its own bottom...