Word: spending
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Dates: during 1980-1989
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...stock and has found its way into purchases of houses, cars, jewelry, and college educations for children. In addition, many households have borrowed against their stock holdings. The more important effect probably is psychological: people who see the value of their investments rise feel richer and freer to spend. Though the stock market is often thought of as a kind of casino for the rich, an estimated 50 million Americans, or more than a fifth of the entire population, participate in the market either through direct ownership of shares or through interests in mutual funds, pension funds and the like...
...deny that safety standards have generally deteriorated under deregulation. But an unflattering spotlight is now being focused on the maintenance practices of one major carrier: Eastern Air Lines. Eastern's mechanics say they are under enormous pressure from management to work fast on the ground so that planes can spend more time in the air earning money. Supporting that charge, the airline's pilots since June have written more than 1,000 letters of complaint to the FAA and hundreds to Congress about Eastern's allegedly sloppy maintenance...
...American Way, a liberal activist group, some $135,000. But that is small change in the all-out lobbying war over the Supreme Court nomination of Appeals Court Judge Robert Bork. Anticipating this fall's Senate confirmation vote, hundreds of liberal and conservative interest groups are expected to spend more than $20 million in multimedia ad campaigns and direct contact by mail and phone. Their main target: the 20-odd Senators who have yet to make up their minds...
Hizballah's ties to Tehran are abundantly clear. Leaders visit the Iranian capital regularly and reportedly get instructions from Iranian embassies in Damascus and Beirut. Khomeini is said to spend anywhere from $15 million to $50 million a year to finance Hizballah activities. Many Lebanese villages have so embraced Khomeini's way that their mosques and squares are adorned with pictures of the Ayatullah and even Iranian flags. Tehran reciprocates by putting pictures of Lebanese Shi'ite "martyrs" on Iranian postage stamps. Says Hussein Musawi, leader of the Hizballah-allied Islamic Amal: "We do not believe in the presence...
...work force of 6,500). Retail computer stores suffered a shake-out that forced an estimated 1,600 of them out of business by 1986. California's famed Silicon Valley suddenly felt more like Death Valley to some of its denizens. The problem: most Americans felt no need to spend hundreds of dollars to install computers in their homes, and chief executives of FORTUNE 500 companies began insisting that underlings make better use of the plethora of machines they had already purchased. "They bought too much and ended up with indigestion," explains Esther Dyson, an industry consultant. "Now they...