Word: sprees
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Dates: during 2000-2009
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This ambitious scheme has got off to a somewhat stumbling and chaotic start. State bankers at the end of 1984 overused their new authority and went on such a wild lending spree that the People's Bank of China, the country's central bank, had to tell them to stop. Factory bosses, in contrast, widely complain that they are still waiting for confirmation from local party and government officials that they can begin exercising the new freedoms they supposedly were granted at the start of 1985. For the first time, Deng is proposing to crimp seriously the powers and privileges...
...rapid government spending. Denmark's major problem is a widening trade deficit, which is increasing the country's foreign debt. Norway has been enjoying growth rates of more than 3%, largely because of oil exports, but now is running into trouble. Norwegians have been on a consumer spending spree that is pushing up prices and wages. Finland, according to Lundgren, is the Japan of Western Europe. It had 4% growth last year and is expected to have only slightly less...
...couple. Bea Zobel, an art collector who led volunteers in sorting through the Marcoses' possessions, noted that Imelda may have spent as much as several million dollars on jewels and antiques in a single day. Given her husband's official salary of $5,700 a year, such a shopping spree amounted to more than 500 years' income for the former First Couple. "The Marcoses did not realize the value of money anymore," said Zobel. "They just kept on buying and buying...
...Spree...
...latest megatakeover offers broke a relative lull in the merger spree--a lull, that is, only by recent standards. Last year more than 3,380 mergers and buyouts worth $1 million or more were completed in the U.S., with a total value in excess of $144 billion. In the first half of 1986 there were 1,639 similar transactions, worth more than $81 billion. But then the pace slowed a bit. In the past three months only 714 deals took place, involving more than $21 billion. Now, however, the merger game definitely seems to be heating up again. Allied Stores...